Taiwan Trade Balance

Taiwan

Taiwan: Exports grow at a slower pace in July

August 8, 2013

In July, exports expanded 1.6% over the same month last year, which was well below the 8.6% rise seen in June. The print undershot market expectations of a 4.9% increase. The expansion mainly reflected increases in exports of electronic products, plastics and rubber, as well as in optical and photographic instruments.

Imports contracted 7.6% in July, which contrasted the 6.8% rise tallied in June.

The trade balance recorded a USD 3.2 billion surplus in July, broadly in line with market expectations of a USD 3.2 billion surplus.

FocusEconomics Consensus Forecast panellists expect exports to grow 4.3% in 2013 and 8.7% in 2014.


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Taiwan Trade12m July 2013



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