Taiwan: Exports and imports stay on a solid growth path in January
February 7, 2017
Exports increased 7.0% year-on-year, totaling USD 23.7 billion in January. The increase followed the large 14.0% expansion in December. January’s expansion was driven again by a rise in exports of electronics and this led the 12-month trailing sum of exports to total USD 282 billion in January.
Meanwhile, imports expanded 8.4% in January from the same month last year, totaling USD 20.2 billion. The growth rate was somewhat weaker than December’s 13.2% rise. January’s increase brought imports to a total of USD 233 billion in the 12 months up to January.
Taiwan’s trade surplus totaled USD 3.5 billion in January, according to data from the Ministry of Finance (MOF). The result was USD 1.4 billion smaller than in December and matched the surplus in January 2015. In the 12 months up to January, the trade surplus totaled USD 49.5 billion, which matched December’s result.
Author: Ricardo Aceves, Senior Economist