Taiwan: Exports fall further in April
May 8, 2015
In April, the trade surplus totaled USD 4.8 billion. The reading was above the USD 2.5 billion recorded in the same month of last year and above market expectations of USD 3.9 billion. In the 12 months up to April, the trade surplus totaled USD 48.8 billion (March: USD 46.6 billion).
Exports reached USD 23.5 billion in April, which represented an 11.7% contraction in year-on-year terms and followed March’s 8.9% contraction. In addition, April’s print marked the largest contraction since February 2013. Imports recorded USD 18.7 billion, which marked a 22.1% fall over the same month of last year. The contraction was larger than March’s 17.8% fall.