Taiwan Trade

Taiwan

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.

The government expects exports to increase 3.2% this year. FocusEconomics Consensus Forecast panelists expect exports to grow 4.1% in 2014 and 6.5% in 2015.


Author:, Senior Economist

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Taiwan Trade12m August 2014 0

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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