Taiwan Trade June 2016

Taiwan

Taiwan: Contraction in exports eases in June

July 15, 2016

In June, the trade surplus totaled USD 3.6 billion, coming in above the USD 1.9 billion surplus tallied in the same month of the previous year. In the 12 months up to June, the trade surplus totaled USD 47.9 billion (May: USD 46.2 billion surplus).

Exports totaled USD 22.9 billion in June, which represented a 2.1% decline in year-on-year terms and the smallest contraction since January 2015. June’s result marked an improvement from May’s 9.6% drop. Imports tallied a total of USD 19.3 billion in June, which was a steep 10.0% fall over the same month of last year. The figure marked a deterioration from the softer 3.4% decline tallied in May.

FocusEconomics Consensus Forecast panelists expect exports to fall 0.4% in 2016 and to rise 1.3% in 2017.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Trade Chart


Taiwan Trade12m June 2016

Note: 12-month sum of trade balance in USD billion and annual average variation of the 12-month sum of exports and imports.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS) and FocusEconomics calculations.


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