Taiwan Trade March 2016


Taiwan: Contraction in exports softens in March

April 7, 2016

In March, the trade surplus totaled USD 4.5 billion, tallying the highest print in five months. The reading came in above the USD 3.7 billion surplus recorded in the same month of the previous year. In the 12 months up to March, the trade surplus totaled USD 47.7 billion (February: USD 46.9 billion surplus).

Exports totaled USD 22.7 billion in March, which represented a notable 11.4% contraction in year-on-year terms. March’s result marked a slight improvement over February’s 12.0% drop. However, March’s reading marks the 14th consecutive contraction of exports. Imports tallied a total of USD 18.2 billion in March, which was a sharp 17.0% fall over the same month of last year. The figure came in below February’s 13.2% decline.

FocusEconomics Consensus Forecast panelists expect exports to fall 2.4% in 2016 and to rise 3.3% in 2017.

Author: Jean-Philippe Pourcelot, Economist

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Taiwan Trade Chart

Taiwan Trade12m March 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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