Taiwan Trade


Taiwan: Trade surplus hits five-month low in November on sharp contraction in exports

December 9, 2015

In November, the trade surplus totaled USD 2.8 billion. The reading was below the USD 4.2 billion surplus recorded in the same month of last year and represents the lowest surplus in five months. November’s result reflects the strong headwinds the Taiwanese external sector is facing as demand for high-tech goods has dropped. In the 12 months up to November, the trade surplus totaled USD 51.8 billion (October: USD 53.2 billion).

Exports totaled USD 22.1 billion in November, which represented a notable 16.9% contraction in year-on-year terms. November’s print represents a significant deterioration from October’s 11.0% fall and marks the biggest contraction since August 2009. Imports of USD 19.4 billion in November represented a sharp 13.7% fall over the same month of last year. The figure marked a smaller contraction compared to October’s 20.0% drop.

FocusEconomics Consensus Forecast panelists expect exports to fall 3.2% in 2016 and drop 0.5% in 2017

Author: Jean-Philippe Pourcelot, Economist

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Taiwan Trade Chart

Taiwan Trade12m November 2015 2

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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