Taiwan: Exports contract in February
March 9, 2015
In February, the trade surplus totaled USD 4.6 billion. The reading was above both the USD 1.6 billion recorded in the same month of last year and market expectations of USD 3.5 billion. In the 12 months up to February, the trade surplus totaled USD 44.5 billion (January: USD 41.5 billion).
Exports reached USD 19.9 billion in February, which represented a 6.7% contraction in year-on-year terms and contrasted January’s 3.4% expansion. Imports recorded USD 15.3 billion, which marked a 22.4% fall over the same month of last year. The contraction was significantly greater than January’s 4.8% fall.