Taiwan Trade December 2015


Taiwan: Contraction in exports softens in December

January 8, 2016

In December, the trade surplus totaled USD 4.2 billion. The reading came in slightly below the USD 4.4 billion surplus recorded in the same month of last year. In the 12 months up to December, the trade surplus totaled USD 51.6 billion (November: USD 51.8 billion).

Exports totaled USD 22.1 billion in December, which represented a notable 13.9% contraction in year-on-year terms. December’s result represents an improvement over November’s 16.9% drop. Imports tallied a total of USD 17.9 billion in December and represented a sharp 15.6% fall over the same month of last year. The figure marked a bigger contraction compared to November’s 13.7% decline.

FocusEconomics Consensus Forecast panelists expect exports to fall 3.2% in 2016 and drop 0.5% in 2017.

Author: Jean-Philippe Pourcelot, Economist

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Taiwan Trade Chart

Taiwan Trade12m December 2015

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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