International Reserves in Taiwan
Taiwan - International Reserves
After growth moderated in Q1, underlying momentum is easing in Q2. Pandemic-related restrictions in China and generally less favorable global demand conditions are weighing on the external sector and manufacturing. In May, the manufacturing PMI tumbled to a near two-year low and export growth waned, while export orders fell in April. Moreover, the non-manufacturing index plunged into contractionary territory in May, as record Covid-19 cases led to greater caution among consumers and firms. However, the government’s pivot towards living with the virus will limit the fallout. Despite surging caseloads, travel restrictions are being progressively eased, with the quarantine time for visitors cut to three days in June. In other news, Taiwan and the U.S. recently launched a trade “initiative”, signaling warming ties with Washington. However, the shift falls far short of a comprehensive trade deal.Taiwan - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 426 | 434 | 452 | 462 | 478 |
Taiwan International Reserves Chart
Source: Central Bank of China.
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.69 | 1.28 % | Dec 31 |
| Exchange Rate | 29.91 | 0.07 % | Jan 01 |
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Economic News
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Taiwan: Merchandise exports decline in October
November 8, 2022
Merchandise exports fell 0.5% year-on-year in October, on the heels of September’s 5.3% decrease.
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Taiwan: Inflation moderates in October
November 7, 2022
Inflation came in at 2.7% in October, which was down from September’s 2.8%.
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Taiwan: Manufacturing PMI falls further in October
November 2, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) declined from 42.2 in September to 41.5 in October.
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Taiwan: GDP growth gains momentum in the third quarter
October 28, 2022
GDP growth gained pace to 4.1% year on year in the third quarter, from 3.0% in the second quarter.
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Taiwan: Industrial activity drops at sharpest pace since March 2019 in September
October 16, 2022
Industrial production fell 4.8% year on year in September (August: +3.3% yoy).
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