Taiwan's trade surplus narrowed to USD 5.03 billion in July of 2022 from USD 5.89 billion in the same month last year, compared to market expectations of USD 4.49 billion. Exports rose 14.2 percent from a year earlier to USD 43.32 billion, amid higher sales of machinery and electrical equipment (15.5 percent) and mineral products (123.4 percent). Among major destinations, sales advanced to China (6.1 percent) and the US (24.8 percent). Meanwhile, imports jumped by a faster 19.4 percent to USD 38.29 billion amid increased purchases of machinery and electrical equipment (11.1 percent). Imports advanced faster for China (9.8 percent) and the US (18.3 percent). source: Ministry of Finance, R.O.C.

Balance of Trade in Taiwan averaged 1865.09 USD Million from 1981 until 2022, reaching an all time high of 7424.90 USD Million in October of 2020 and a record low of -847.44 USD Million in February of 2006. This page provides - Taiwan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Balance of Trade in Taiwan is expected to be 2000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Balance of Trade is projected to trend around 3000.00 USD Million in 2023, according to our econometric models.

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Taiwan Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 08:00 AM Jun $4.64B $2.41B $3.26B $ 2B
2022-08-08 08:00 AM Jul $5.03B $4.64B $4.49B $5B
2022-09-07 08:00 AM Aug $5.03B


Related Last Previous Unit Reference
Balance of Trade 5033.84 4639.62 USD Million Jul 2022
Imports 38289.53 37563.62 USD Million Jul 2022
Exports 43323.37 42203.24 USD Million Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5033.84 4639.62 7424.90 -847.44 1981 - 2022 USD Million Monthly
NSA

News Stream
Taiwan Trade Surplus Narrows Less than Expected
Taiwan's trade surplus narrowed to USD 5.03 billion in July of 2022 from USD 5.89 billion in the same month last year, compared to market expectations of USD 4.49 billion. Exports rose 14.2 percent from a year earlier to USD 43.32 billion, amid higher sales of machinery and electrical equipment (15.5 percent) and mineral products (123.4 percent). Among major destinations, sales advanced to China (6.1 percent) and the US (24.8 percent). Meanwhile, imports jumped by a faster 19.4 percent to USD 38.29 billion amid increased purchases of machinery and electrical equipment (11.1 percent). Imports advanced faster for China (9.8 percent) and the US (18.3 percent).
2022-08-08
Taiwan Trade Surplus Narrows Less than Expected
Taiwan's trade surplus narrowed to USD 4.64 billion in June of 2022 from USD 5.13 billion in the same month last year and compared to market expectations of USD 3.26 billion. Exports rose 15.2 percent on year lifted by increased shipments of parts of electronic product (19 percent); information, communication and audio-video products (9.1 percent) amid easing supply chain issues. Among major destinations, sales advanced the most to Japan (+35.3 percent) while fell for China (-4.5 percent), reflecting a continuing drag on China's economy from Covid disruptions. In contrast, imports surged by a faster 19.2 percent amid increased purchases of petroleum (+60.7 percent) and mineral products (+57.4 percent). Imports rose mostly from the Middle East.
2022-07-08
Taiwan Trade Surplus Misses Expectations
Taiwan's trade surplus expanded to USD 2.4 billion in May of 2022 from USD 6.1 billion in the same month last year, but below market expectations of USD 4.6 billion. Exports jumped 12.5 percent year-on-year to USD 42.1 billion, but slightly lower than market estimates of 13 percent rise, driven by increased shipments of machinery and electrical equipment (+15.7 percent), particularly parts of electronic products (+25.9 percent). Among major destinations, shipments rose the most to Singapore (23.9 percent) and Japan (18.3 percent). Meanwhile imports climbed 26.7 percent to USD 39.7 billion, above analyst forecasts of 19.8 percent, amid increased purchases of mineral products (69.1 percent). Among key trade partners, imports rose mostly from Australia (118.5 percent) and South Korea (51.3 percent).
2022-06-08