Taiwan: Exports swing to contraction in December
January 9, 2015
In December, the trade surplus totaled USD 4.5 billion. The reading was above the USD 2.2 billion recorded in the same month of 2013 and market expectations of a USD 3.5 billion figure. For the year 2014, the trade surplus totaled USD 39.6 billion (2013: USD 35.5 billion).
Exports reached USD 25.7 billion in December, which represented a 2.8% contraction in year-on-year terms and contrasted November’s 3.6% increase. The figure marked an almost one-year low. Imports recorded USD 21.2 billion, which marked a 12.3% contraction over the same month of the previous year and contrasted November’s 5.0% expansion.