Taiwan Trade


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.

FocusEconomics Consensus Forecast panelists expect exports to fall 5.8% in 2015 and grow 3.4% in 2016.

Author: Angela Bouzanis, Senior Economist

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Taiwan Trade Chart

Taiwan Trade12m September 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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