Taiwan Trade


Taiwan: Decline in exports intensifies in June

July 7, 2015

In June, the trade surplus totaled USD 2.2 billion. The reading was above the USD 1.9 billion surplus recorded in the same month of last year, but notably below market expectations of a USD 4.7 billion surplus and the USD 5.4 billion surplus recorded in May. In the 12 months up to June, the trade surplus totaled USD 49.2 billion (May: USD 48.9 billion).

Exports reached USD 23.1 billion in June, which represented a significant 13.9% contraction in year-on-year terms. June’s print was a notable deterioration from May’s 3.8% fall and marked an over-two-year low. Imports recorded USD 20.9 billion in June, which represented a 16.1% fall over the same month of last year. The figure marked a deterioration over May’s 5.4% decrease.

FocusEconomics Consensus Forecast panelists expect exports to grow 2.5% in 2015 and 5.3% in 2016.

Author: Angela Bouzanis, Senior Economist

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Taiwan Trade Chart

Taiwan Trade12m June 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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