Taiwan: Exports rebound in February
March 7, 2014
In February, exports rose 7.9% over the same month last year, which contrasted the 5.3% contraction tallied in January and marked the strongest expansion in eight months. The print came in above the 7.1% rise that markets had expected. Imports expanded a softer 4.9% in February, which contrasted the 15.2% contraction registered in January. The reading overshot market expectations of a 4.2% increase. The trade balance recorded a USD 1.6 billion surplus in February. The reading was above both the USD 0.9 billion surplus registered in the same month last year and market expectations of a USD 1.5 billion surplus. In the twelve months up to February, the trade balance surplus amounted to USD 38.6 billion (January: USD 38.0 billion). FocusEconomics Consensus Forecast panelists expect exports to grow 4.2% in 2014 and 6.9% in 2015.