Taiwan: Exports record another profound contraction in September
October 7, 2015
In September, the trade surplus totaled USD 5.2 billion. The reading was above the USD 3.5 billion surplus recorded in the same month of last year and beat market expectations. The result was also above the USD 4.0 billion surplus recorded in August. In the 12 months up to September, the trade surplus totaled USD 51.8 billion (August: USD 50.1 billion).
Exports reached USD 22.5 billion in September, which represented a significant 14.6% contraction in year-on-year terms. September’s print was a mild improvement from August’s 14.8% fall, which had marked the largest contraction since February 2013. Imports recorded USD 17.3 billion in September, which represented a notable 24.4% fall over the same month of last year. The figure marked a wider contraction over August’s 16.7% decrease and the largest fall since August 2009.