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BMI View: Taiwan's freight transport sector will continue to be affected by
the slowdown in the Chinese economy in 2016.
Taiwanese exports will feel the headwinds from China as well as the relative
strength of the TWD compared to the KRW.
Air freight will continue its growth on a more moderate level over the short
term, before picking up slightly in 2017/2018, while road and rail will both
grow at a faster rate over the medium term.
Taiwan's economy contracted by 1.0% in Q315 compared to the 0.5% expansion
registered in the previous quarter.
Ongoing weakness in the Chinese economy amid increasing uncertainty in the
domestic political situation will continue to weight on Taiwan's economic
As such, we have downgraded our 2015 and 2016 real GDP forecasts to 1.0% and
GDP growth for 2016 was previously forecast at 2.5%.
BMI Industry View
Table: Trade Overview (Taiwan 2012-2019)
Table: Key Trade Indicators (Taiwan 2012-2019)
Road Freight Forecast
Table: Road Freight (Taiwan 2012-2019)
Rail Freight Forecast
Table: Rail Freight (Taiwan 2012-2019)
Air Freight Forecast
Table: Air Freight (Taiwan 2012-2019)
China Airlines Cargo (CAC)
EVA Air Cargo
Short-Term Political Outlook
Long-Term Political Outlook
Table: Taiwan Political Overview
Oil Price Outlook
Europe - Brent On Board For A Bumpy Ride
Table: Population Headline Indicators (Taiwan 1990-2025)
Table: Key Population Ratios (Taiwan 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Taiwan 1990-2025)
Table: Population By Age Group (Taiwan 1990-2025)
Table: Population By Age Group % (Taiwan 1990-2025)
Industry Forecast Methodology