Taiwan Trade January 2017

Taiwan

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.

Following two years of contraction, FocusEconomics Consensus Forecast panelists expect exports to increase 3.0% this year and to rise 3.1% in 2018.


Author:, Senior Economist

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Taiwan Trade Chart


Taiwan Trade12m January 2017

Note: 12-month sum of trade balance in USD billion and annual average variation of the 12-month sum of exports and imports.
Source: Ministry of Finance (MOF) and FocusEconomics calculations.


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