The trade surplus in Taiwan nearly doubled to USD 6.19 billion in January of 2021 from USD 3.4 billion a year earlier. Exports jumped 36.8% year-on-year to a fresh record USD 34.27 billion, mainly boosted by electronic product (47.5%); information, communication and audio-video products (42.9%); base metals and articles of base metal (27.2%); plastics & rubber and articles thereof (51.1%) and machinery (26.9%). Imports increased 29.9% to also hit a new high of USD 28.1 billion, due to electronic product (48.9%); machinery (10.7%); chemicals (37.3%); information, communication and audio-video products (70%). Sales to China jumped 57%, ASEAN countries 40.7% and 21.5% to Japan. Imports from China surged 46.9%. Lunar new year holidays follow in February in 2021 compared to January in 2020. source: Ministry of Finance, R.O.C.
Balance of Trade in Taiwan averaged 1744.44 USD Million from 1981 until 2021, reaching an all time high of 7450.59 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 February of 2021.
Balance of Trade in Taiwan is expected to be 5100.00 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 3400.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 3400.00 USD Million in 2022 and 3000.00 USD Million in 2023, according to our econometric models.