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.