Taiwan’s trade surplus shrank to USD 4.65 billion in November of 2018 from USD 5.88 billion in the corresponding month of the previous year. It compares with market expectations of a 3.97 billion surplus. Exports fell 3.4% to USD 27.8 billion, against market estimates of a 2% gain, as sales declined for machinery & electrical equipment (-4.4%); base metals & articles of base metal (-6.4%) and plastic & articles thereof (-5.6%). Among major trading partners, exports went down to China (-3.4%); Vietnam (-6%); Malaysia (-13.6%) and Philippines (-21.4%). Imports went up 1.1% to USD 23.16 billion, below estimates of 9.7%. Higher purchases of mineral products (+27.5%), namely petroleum (+55.8%), were partly offset by lower imports of machinery & electrical equipment (-2.1%); chemicals (-1.6%) and base metals & articles of base metal (-4.7%). Imports rose from the US (8.1%); Korea (9.1%) and Vietnam (11.7%); while those from China (-4.6%); Japan (-27%) and Singapore (-19%) declined. Balance of Trade in Taiwan averaged 1595.30 USD Million from 1981 until 2018, 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 3800.00 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 2800.00 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
2018-09-07 08:00 AM Balance of Trade $4.53B $2.24B $3.872B $ 2.8B
2018-10-08 08:00 AM Balance of Trade $4.33B $4.53B $5.2B $ 4.9B
2018-11-07 08:00 AM Balance of Trade $3.36B $4.33B $4.398B $ 4.8B
2018-12-07 08:00 AM Balance of Trade $4.65B $3.36B $3.968B $ 5.2B
2019-01-07 08:00 AM Balance of Trade $4.65B $ 3.8B
2019-02-07 08:00 AM Balance of Trade
2019-03-07 08:00 AM Balance of Trade


Taiwan Trade Last Previous Highest Lowest Unit
Balance of Trade 4652.39 3356.15 6662.67 -847.44 USD Million [+]
Exports 27808.97 29565.88 29990.44 1406.50 USD Million [+]
Imports 23156.58 26209.73 27132.35 1203.70 USD Million [+]
Current Account 14040.00 16360.00 25639.00 -851.00 USD Million [+]
Current Account to GDP 14.70 13.70 21.00 -1.90 percent [+]
External Debt 202611.00 199051.00 202611.00 31705.00 USD Million [+]
Terms of Trade 92.90 91.20 169.30 85.30 Index Points [+]
Capital Flows 11195.00 12259.00 24474.00 -1029.00 USD Million [+]
Tourist Arrivals 959.77 836.59 1112.21 40.30 Thousand [+]
Gold Reserves 423.60 423.60 423.89 421.23 Tonnes [+]
Foreign Direct Investment 775.44 645.72 3953.79 81.58 USD Million [+]
Crude Oil Production 0.20 0.20 1.30 0.20 BBL/D/1K [+]
Terrorism Index 0.50 0.08 0.50 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4652.39 3356.15 6662.67 -847.44 1981 - 2018 USD Million Monthly
NSA




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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