Taiwan Trade

Taiwan

Taiwan: Exports improve in January

February 9, 2015

In January, the trade surplus totaled USD 4.8 billion. The reading was above both the USD 2.9 billion recorded in the same month of last year and market expectations of USD 3.9 billion. In the 12 months up to January, the trade surplus totaled USD 41.4 billion (November: USD 39.6 billion).

Exports reached USD 25.1 billion in January, which represented a 3.4% expansion in year-on-year terms and contrasted December’s 2.8% contraction. Imports recorded USD 20.3 billion, which marked a 4.8% contraction over the same month of last year. The contraction was significantly less than December’s 12.3% fall.

FocusEconomics Consensus Forecast panelists expect exports to grow 5.4% in 2015 and 5.5% in 2016.


Author: Angela Bouzanis, Senior Economist

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Taiwan Trade Chart


Taiwan Trade12m January 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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