Taiwan: Exports improve in May
June 8, 2015
In May, the trade surplus totaled USD 5.4 billion. The reading was slightly above the USD 5.3 billion surplus recorded in the same month of last year and above market expectations of a USD 4.8 billion surplus. In the 12 months up to May, the trade surplus totaled USD 49.0 billion (April: USD 48.8 billion).
Exports reached USD 25.6 billion in May, which represented a 3.8% contraction in year-on-year terms. May’s print marked a notable improvement from April’s 11.7% fall and a four-month high. April’s result had marked the largest contraction since February 2013. Imports recorded USD 20.2 billion in May, which represented a 5.4% fall over the same month of last year. The figure marked an improvement over April’s 22.1% decrease.