Taiwan is scheduled to release preliminary Q1 GDP growth data on 30 April.
The trade surplus spiked 106% y/y to a record-high USD 13.4bn in Q1, owing mainly to weak imports on substantially lower global oil and commodity prices.
Consumer spending likely picked up on the back of a stronger job market and increasing expectations of a rise in household income.
The increase in the number of tourist arrivals also likely boosted domestic demand, especially in the retail trade and service sectors.
Positive preliminary Q1 GDP data supports the view that the current growth recovery has spread from exports to the wider economy.
"We expect real GDP growth to have increased to 4.1% y/y from 3.35% in Q4-2014, mainly on the back of a strong external balance", Said Standard Chartered in a report on Wednesday.
