Taiwan Trade


Taiwan: Exports contract further in March

April 8, 2015

In March, the trade surplus totaled USD 4.1 billion. The reading was above the USD 2.0 billion recorded in the same month of last year, but below market expectations of USD 4.6 billion. In the 12 months up to March, the trade surplus totaled USD 46.6 billion (February: USD 44.5 billion).

Exports reached USD 25.3 billion in March, which represented a 8.9% contraction in year-on-year terms and followed February’s 6.7% contraction. In addition, March’s print marked the largest contraction since February 2013. Imports recorded USD 21.2 billion, which marked a 17.8% fall over the same month of last year. The contraction was a moderation over February’s 22.4% fall.

FocusEconomics Consensus Forecast panelists expect exports to grow 4.5% in 2015 and 4.0% in 2016.

Author: Angela Bouzanis, Senior Economist

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Taiwan Trade Chart

Taiwan Trade12m March 2015

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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