Taiwan: Contraction in exports softens in January
February 16, 2016
In January, the trade surplus totalled USD 3.5 billion. The reading came in slightly below the USD 4.3 billion surplus recorded in the same month of the previous year. In the 12 months up to January, the trade surplus totalled USD 50.3 billion (December: USD 51.1 billion surplus).
Exports totalled USD 22.2 billion in January, which represented a notable 13.0% contraction in year-on-year terms. January’s result represents a slight improvement over December’s 13.7% drop. Imports tallied a total of USD 18.7 billion in January, which was a sharp 11.7% fall over the same month of last year. The figure came in above to December’s 14.8% decline.