Taiwan: Exports show solid pace in August
September 9, 2014
In August, the trade surplus totaled USD 4.1 billion. The reading was below the USD 4.6 billion recorded in the same month last year and overshot the USD 3.7 billion surplus the markets had expected. In the 12 months up to August, the trade surplus totaled USD 35.9 billion (July: USD 36.4 billion), which marked a 2.1% expansion over the same period last year.
Exports reached USD 28.1 billion in August, which represented a 9.6% expansion in year-on-year terms (July: +5.8% yoy). August’s expansion marked the fastest pace since January 2013. Imports recorded USD 24.0 billion, representing a 14.1% increase over the same month last year (July: +9.5% yoy) and also the fastest pace January 2013.
Author: Ricardo Aceves, Senior Economist