Taiwan Trade Balance

Taiwan

Taiwan: Growth in exports accelerates in August

September 9, 2013

In August, exports expanded 3.6% over the same month last year, which more than doubled the 1.6% rise seen in July. That said, the print undershot market expectations of a 4.0% increase. The expansion mainly reflected increases in exports of electronic products and basic metals.

On the other hand, imports contracted 1.2% in August, which followed the sharp 7.6% drop tallied in July. The reading defied market expectations of a 2.6% increase.

The trade balance recorded a USD 4.6 billion surplus in August. The print was above the USD 3.4 billion surplus registered in the same month last year and beat market expectations of a USD 3.7 billion surplus.

FocusEconomics Consensus Forecast panelists expect exports to grow 3.1% in 2013 and 7.8% in 2014.


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Taiwan Trade12m August 2013



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