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.