Taiwan Trade

Taiwan

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.

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 February 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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