Taiwan Trade August 2016

Taiwan

Taiwan: Exports expand for second time in August

September 7, 2016

In August, the trade surplus totaled USD 4.0 billion, which was higher than the USD 3.6 billion surplus in the same month last year. In the 12 months up to August, the trade surplus totaled USD 48.6 billion (July: USD 48.2 billion surplus).

Exports increased 1.0% annually to total USD 24.7 billion in August, expanding for the second month after July’s 1.2% increase had ended 17 months of contraction. August’s result also overshot the 0.4% rise the markets had expected and was supported by an increase in four of the five components of the index, with parts of electronic products, such as microchips, observing the largest increase. In August, global retailers began stocking up smartphones and other gadgets ahead of the year-end shopping season.

Imports totaled USD 20.7 billion in August, falling 0.8% over the same month last year (July: -0.2% year-on-year). August’s figure, together with July’s, mark the softest decreases in the last 21 months.

FocusEconomics Consensus Forecast panelists expect exports to fall 0.1% in 2016 and to rise 1.3% in 2017.


Author:, Senior Economist

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Taiwan Trade12m August 2016 0

Note: 12-month sum of trade balance in USD billion and annual average variation of the 12-month sum of exports and imports.
Source: Ministry of Finance (MOF) and FocusEconomics calculations.


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