Taiwan's trade surplus widened to USD 4.84 billion in June 2020 from USD 3.82 billion in the same month of the previous year and above market expectations of a USD 4 billion surplus. It was the largest trade surplus since August last year, as imports dropped 8.6 percent to USD 22.29 billion, mostly due to lower purchases of mineral products (-50.9 percent), namely petroleum (-75.9 percent); chemicals (-9.4 percent) and machinery (-6 percent). Among major trading partners, imports decreased from ASEAN (-3 percent), Europe (-16.2 percent) and the US (-23.5 percent). Exports fell 3.8 percent to USD 27.13 billion, due to lower sales of base metals and articles of base metal (-23.8 percent); machinery (-17.7 percent) and plastics & rubber and articles thereof (-23.4 percent). Exports declined to ASEAN (-12.1 percent), Japan (-11.2 percent) and Europe (-18.2 percent).

Balance of Trade in Taiwan averaged 1678.14 USD Million from 1981 until 2020, reaching an all time high of 6604.45 USD Million in September of 2017 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 2020.

Balance of Trade in Taiwan is expected to be 2600.00 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 3950.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 3400.00 USD Million in 2021 and 3000.00 USD Million in 2022, according to our econometric models.

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Taiwan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4840.00 4720.00 6604.45 -847.44 1981 - 2020 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-08 08:00 AM Mar $2.78B $3.3B $3.2B $2.1B
2020-05-08 08:00 AM Apr $2.27B $2.78B $2.80B $2.4B
2020-06-08 08:00 AM May $4.72B $2.27B $3.139B $2.2B
2020-07-07 08:00 AM Jun $4.84B $4.72B $4B $ 4B
2020-08-07 08:00 AM Jul $4.84B $4.277B $4.0B
2020-09-07 08:00 AM Aug
2020-10-07 08:00 AM Sep $ 2.6B
2020-11-08 08:00 AM Oct


News Stream
Taiwan Posts Largest Trade Surplus in Nearly a Year
Taiwan's trade surplus widened to USD 4.84 billion in June 2020 from USD 3.82 billion in the same month of the previous year and above market expectations of a USD 4 billion surplus. It was the largest trade surplus since August last year, as imports dropped 8.6 percent to USD 22.29 billion, mostly due to lower purchases of mineral products (-50.9 percent), namely petroleum (-75.9 percent); chemicals (-9.4 percent) and machinery (-6 percent). Among major trading partners, imports decreased from ASEAN (-3 percent), Europe (-16.2 percent) and the US (-23.5 percent). Exports fell 3.8 percent to USD 27.13 billion, due to lower sales of base metals and articles of base metal (-23.8 percent); machinery (-17.7 percent) and plastics & rubber and articles thereof (-23.4 percent). Exports declined to ASEAN (-12.1 percent), Japan (-11.2 percent) and Europe (-18.2 percent).
2020-07-07
Taiwan Trade Surplus Larger than Expected
Taiwan's trade surplus widened to USD 4.72 billion in May of 2020 from USD 4.47 billion in the corresponding month of the previous year, above market expectations of a USD 3.139 billion surplus. Exports decreased 2 percent to USD 27 billion, due to lower sales of base metals and articles of base metal (-19.9 percent), namely iron and steel and articles thereof (-22.8 percent); machinery (-6.1 percent) and chemicals (-15.6 percent). Among key trade partners, exports were down to Europe (-13.1 percent) and ASEAN (-17.9 percent), but increased to China & Hong Kong (10.3 percent), the US (9.3 percent) and Japan (7.5 percent). Meanwhile, imports fell at a faster 3.5 percent to USD 22.28 billion, dragged down by lower purchases of mineral products (-44 percent); chemicals (-7.9 percent) and base metals and articles of base metal (-12.1 percent). Imports declined from Europe (-8.5 percent) and from the US (-13.4 percent), while those from the ASEAN were up 6.4 percent.
2020-06-08
Taiwan Trade Surplus Narrows 16.1% in April
Taiwan's trade surplus narrowed to USD 2.27 billion in April 2020 from USD 2.70 billion in the same month last year, below market consensus of a USD 2.80 billion surplus. Exports declined 1.3 percent, due to lower sales of base metals & articles of base metal (-18.0 percent), plastics & rubber (-16.3 percent) and machinery (-10.9 percent). Among key trade partners, exports were down to Europe (-20.1 percent) and ASEAN (-12.2 percent), but increased to Japan (17.5 percent), China & Hong Kong (14 percent) and the US (1.5 percent). Meanwhile, imports rose unexpectedly by 0.5 percent, boosted by purchases of parts of electronic products (24.5 percent), information, communication & audio-video products (32.8 percent), chemicals (5.5 percent) and machinery (2.9 percent). Imports were up from China & Hong Kong (17.4 percent), Europe (17.9 percent), Japan (4.7 percent) and ASEAN (2.1 percent), but declined from the US (-21.3 percent) and the Middle East (-44.9 percent).
2020-05-08
Taiwan Trade Surplus Narrows in March
Taiwan's trade surplus narrowed slightly to USD 2.78 billion in March 2020 from USD 3.09 billion in the same month of the previous year, compared to market expectations of a USD 3.2 billion surplus. Exports fell 0.6 percent, while markets had forecast a larger 6.7 percent decline, due to lower sales of base metals & articles of base metals, machinery and plastics & rubber and articles thereof. Among major trade partners, exports dropped to Europe (-8.1 percent), the US (-3.1 percent) and Japan (-2.1 percent), but rose to China & Hong Kong and ASEAN (3.4 percent each). Meanwhile, imports advanced 0.5 percent, defying forecasts of a 6.6 percent drop, boosted by purchases of parts of electronic product and base metals & articles of base metals. Purchases increased from China & Hong Kong (9.5 percent), the US (7.7 percent) and ASEAN (4.3 percent), but declined from the Middle East (-40.3 percent), Europe (-4.8 percent) and Japan (-2.5 percent).
2020-04-08

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.