empty
 
 

2015.05.1817:58:00UTC+00Taiwan Export Orders Likely Declined; Current Account Surplus at a Record High

Taiwan is scheduled to release April export orders and Q1 current account (C/A) data on 20 May. According to the estimations the current account surplus reached a record USD 21bn, boosted by a strong trade surplus. 
Rising tourist arrivals likely also boosted the service account, supporting the current account balance. On the other hand, export orders are expected to have dropped 3.5% y/y in April, the second decline in three months. 
Although overseas tech orders likely gained y/y on steady demand, orders for petroleum products, plastics and chemical materials were probably impacted by weak global oil prices. 
"We expect overseas orders to be dampened further by weak demand from China, which is Taiwan's largest export market", says Standard Chartered.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback