Taiwan: Exports contract in August at quickest pace since February 2013
September 7, 2015
In August, the trade surplus totaled USD 4.0 billion. The reading was below the USD 4.1 billion surplus recorded in the same month of last year, but met market expectations. The result was above the USD 3.6 billion surplus recorded in July. In the 12 months up to August, the trade surplus totaled USD 50.1 billion (July: USD 50.2 billion).
Exports reached USD 23.9 billion in August, which represented a significant 14.8% contraction in year-on-year terms. August’s print was a deterioration from July’s 11.9% fall and marked the largest contraction since February 2013. Imports recorded USD 20.0 billion in August, which represented a 16.7% fall over the same month of last year. The figure marked a smaller contraction over July’s 17.4% decrease.