Taiwan Trade

Taiwan

Taiwan: Export growth slows in September

October 7, 2014

In September, the trade surplus totaled USD 3.5 billion. The reading was above the USD 2.3 billion recorded in the same month last year and matched market expectations. In the 12 months up to September, the trade surplus totaled USD 37.0 billion (August: USD 35.9 billion), which marked a 3.1% expansion over the same period last year.

Exports reached USD 26.4 billion in September, which represented a 4.7% expansion in year-on-year terms (August: +9.6% yoy). Imports recorded USD 22.9 billion, slowing markedly from a 14.1% increase in August to a 0.2% expansion in September.

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 September 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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