Taiwan Trade


Taiwan: Export growth rebounds from nine-month low

December 8, 2014

In November, the trade surplus totaled USD 4.2 billion. The reading was below the USD 4.4 billion recorded in the same month last year and market expectations of a USD 4.5 billion figure. In the 12 months up to November, the trade surplus totaled USD 37.4 billion (October: USD 37.5 billion).

Exports reached USD 26.7 billion in November, which represented a 3.7% expansion in year-on-year terms and was significantly above October’s 0.7% increase, which had marked the slowest growth rate in nine months. Imports recorded USD 22.5 billion, which marked a 5.1% expansion over the same month last year (October: -1.4%).

The government expects exports to increase 3.2% this year. FocusEconomics Consensus Forecast panelists expect exports to grow 4.3% in 2014 and 6.4% in 2015.

Author: Angela Bouzanis, Senior Economist

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Taiwan Trade Chart

Taiwan Trade12m November 2014

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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