Taiwan Trade

Taiwan

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.

The government expects exports to increase 3.3% this year. FocusEconomics Consensus Forecast panelists expect exports to grow 4.0% in 2014 and 6.6% in 2015.


Author:, Senior Economist

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Taiwan Trade Chart


Taiwan Trade12m July 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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