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.