Taiwan: October contraction in exports slowest in five months
November 9, 2015
In October, the trade surplus totaled USD 6.1 billion. The reading was above the USD 4.6 billion surplus recorded in the same month of last year and represents the highest surplus ever recorded. The result was also above the USD 5.2 billion surplus recorded in September. In the 12 months up to October, the trade surplus totaled USD 53.3 billion (September: USD 51.8 billion).
Exports totaled USD 23.9 billion in October, which represented a significant 11.0% contraction in year-on-year terms. Nevertheless, October’s print represents an improvement from September’s 14.6% fall and is the smallest contraction since May. Imports of USD 17.8 billion in October represented a sharp 20.0% fall over the same month of last year. The figure marked a smaller contraction over September’s 24.4% drop