Taiwan: Trade surplus jumps in May, but exports slow
June 9, 2014
In May, the trade surplus rose to USD 5.3 billion. The print was greater than the USD 4.4 billion registered in the same month last year and exceeded USD 2.9 billion surplus the market had expected.
May’s result showed that exports expanded, although growth was weaker than in April. Conversely, imports contracted in May. Overseas sales increased 1.4% annually in May, which came in well below both the 6.2% expansion registered in April and the 4.5% increase the markets had expected. Imports contracted 2.3% year-on-year in May, which contrasted the 5.8% increase tallied in April and the markets’ expectation of a 10.2% expansion.
Author: Ricardo Aceves, Senior Economist