Taiwan Trade February 2017

Taiwan

Taiwan: Growth in exports and imports soars in February

March 7, 2017

Exports notably increased 27.7% year-on-year, totaling USD 22.7 billion in February. The increase followed the 7.0% expansion in January. February’s expansion was driven again by a rise in exports of electronics and this led the 12-month trailing sum of exports to total USD 286.8 billion.

Imports also noted considerable improvement, expanding 42.1% in February from the same month last year, totaling USD 19.3 billion. The growth rate was significantly greater than January’s 8.6% rise. February’s increase brought imports to a total of USD 237.1 billion over the previous 12 months.

Taiwan’s trade surplus totaled USD 3.4 billion in February, according to data from the Ministry of Finance (MOF). The result was considered favorable as it came in at just USD 0.1 billion less than in January. In the 12 months up to February, the trade surplus totaled USD 48.9 billion, slightly smaller than January’s USD 49.7 billion reading.

Following two years of contraction, FocusEconomics Consensus Forecast panelists expect exports to increase 3.0% this year and to rise 3.1% in 2018.


Author:, Economist

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Taiwan Trade Chart


Taiwan Trade12m February 2017

Note: 12-month sum of trade balance in USD billion and annual average variation of the 12-month sum of exports and imports.
Source: Ministry of Finance (MOF) and FocusEconomics calculations.


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