Taiwan's trade surplus widened to USD 5.98 billion in August 2019 from USD 4.61 billion in the same month last year, as exports rose 2.6 percent boosted by sales of parts of electronic product (7.5 percent) and information, communication and audio-video products (31.4 percent). In contrast, exports declined for plastics and rubber (-11 percent), machinery (-9.2 percent), and base metals (-5.5 percent). Among key trading partners, exports increased to the US (22.8 percent), Japan (7 percent), Mainland China and Hong Kong (1.1 percent), and ASEAN (0.7 percent). Imports dropped 2.7 percent due to lower purchases of chemicals (-15.7 percent), base metals (-15.2 percent), and mineral products (-5.9 percent). Imports of parts of electronic product and machinery were up 2.1 percent and 1.8 percent respectively. Imports fell from ASEAN (-10.7 percent), Japan (-6.7 percent), the US (-6.9 percent), and Europe (-4.8 percent). Balance of Trade in Taiwan averaged 1638.43 USD Million from 1981 until 2019, reaching an all time high of 6662.67 USD Million in September of 2017 and a record low of -847.44 USD Million in February of 2006.

Balance of Trade in Taiwan is expected to be 1800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Taiwan to stand at 4000.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 3400.00 USD Million in 2020, according to our econometric models.

Taiwan Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-10 08:00 AM Balance of Trade May $4.49B $2.69B $3.45B $3.8B
2019-07-08 08:00 AM Balance of Trade Jun $3.87B $4.49B $4.2B $3.2B
2019-08-07 08:00 AM Balance of Trade Jul $3.57B $3.87B $2.83B $1.9B
2019-09-09 08:00 AM Balance of Trade Aug $5.98B $3.57B $4.28B $3.6B
2019-10-07 08:00 AM Balance of Trade Sep $5.98B $1.8B
2019-11-08 08:00 AM Balance of Trade Oct $3.2B
2019-12-09 08:00 AM Balance of Trade Nov $4.1B


Taiwan Trade Last Previous Highest Lowest Unit
Balance of Trade 5976.80 3567.53 6662.67 -847.44 USD Million [+]
Current Account 17555.00 17244.00 28019.00 -851.00 USD Million [+]
Current Account to GDP 11.60 14.70 21.00 -1.90 percent [+]
Imports 23022.68 24635.75 27132.35 1203.70 USD Million [+]
Exports 28999.48 28203.28 29985.19 1406.50 USD Million [+]
External Debt 187182.00 195030.00 202611.00 31705.00 USD Million [+]
Terms of Trade 89.60 88.10 169.30 85.30 Index Points [+]
Capital Flows 16151.00 17380.00 28065.00 -1029.00 USD Million [+]
Tourist Arrivals 988.77 932.70 1125.11 40.30 Thousand [+]
Gold Reserves 423.63 423.60 423.89 421.23 Tonnes [+]
Foreign Direct Investment 2535.29 468.90 3953.79 81.58 USD Million [+]
Terrorism Index 0.94 0.50 0.94 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Taiwan Balance of Trade

Foreign trade has been the engine of Taiwan's rapid growth during the past 40 years. Main export products are electronics, base metals, information, communication and audio-video products, machinery and plastics & rubber. Taiwan imports mostly parts of electronic products, mineral products and base metals, machinery and chemicals. Main trading partners are Mainland China & Hong Kong, USA, Japan, Europe and ASEAN countries. This page provides - Taiwan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5976.80 3567.53 6662.67 -847.44 1981 - 2019 USD Million Monthly
NSA




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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