Taiwan Trade July 2016


Taiwan: Taiwanese exports expand for first time in over a year and a half

August 8, 2016

In July, the trade surplus totaled USD 3.6 billion, which is above the USD 3.3 billion surplus tallied in the same month last year. In the 12 months up to July, the trade surplus totaled USD 48.2 billion (June: USD 47.9 billion surplus).

Exports totaled USD 24.1 billion in July, which represented a 1.2% rise in year-on-year terms and the first expansion since January 2015. July’s result contrasted the 2.1% decline observed in June and surprised market analysts who had expected a 2.0% contraction. The expansion was supported by an increase in three of the five components of the index, with parts of electronic products, such as microchips, observing the largest increase.

Imports totaled USD 20.5 billion in July, which marked a 0.2% fall over the same month last year. The figure represented a notable improvement from the sharp 10.0% decline observed in June.

FocusEconomics Consensus Forecast panelists expect exports to fall 0.1% in 2016 and to rise 1.3% in 2017.

Author: Jean-Philippe Pourcelot, Economist

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Taiwan Trade Chart

Taiwan Trade12m July 2016 1

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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