Taiwan: Exports accelerate in July
August 7, 2014
In July, the trade surplus totaled USD 2.6 billion. The reading was smaller than the USD 3.2 billion registered in the same month last year and fell short of the USD 2.7 billion the markets had expected. The 12-month sum of the trade surplus registered USD 36.4 billion in June (May: USD 37.0 billion)—the smallest in seven months.
July’s result showed that imports increased faster than exports. Imports growth picked up to 9.5% from 7.5% in June. Moreover, exports expanded 5.8% over the same month last year in July, which was above the 1.2% increase tallied in June.
Author: Ricardo Aceves, Senior Economist