Taiwan Exports advanced 24.6% year-on-year to a fresh record of USD 40.14 billion in October, beating market forecasts of a 24.4% jump, mainly driven by robust demand for tech products ahead of the peak holiday season and higher raw material prices. Accordingly, shipments rose the most for machinery & electrical equipment (17.8%), primarily parts of electronic products (12.4%) and information, communication, & audio-video products (26.9%); and base metals & articles thereof (65.2%). Looking forward, government officials said exports were likely to expand between 22% and 26% in November and see full-year foreign sales surpass USD 400 billion for the first time ever. source: Ministry of Finace, R.O.C.

Exports in Taiwan averaged 14313.69 USD Million from 1981 until 2021, reaching an all time high of 40140.13 USD Million in October of 2021 and a record low of 1406.50 USD Million in February of 1981. This page provides - Taiwan Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Exports - values, historical data and charts - was last updated on December of 2021.

Exports in Taiwan is expected to be 28500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Exports is projected to trend around 29500.00 USD Million in 2022, according to our econometric models.

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Taiwan Exports

Related Last Previous Unit Reference
Balance of Trade 6122.08 6446.47 USD Million Oct/21
Imports 34018.06 33206.34 USD Million Oct/21
Exports 40140.13 39652.82 USD Million Oct/21
Taiwan Exports
Taiwan's economy is export-oriented. Exports account for around 70 percent of total GDP and its composition have changed from predominantly agricultural commodities to industrial goods (now 98%) during the past 40 years. Main exports products are: electronics (33.1% of total), information, communication and audio-video products (10.8%), base metals (8.8%), plastics & rubber (7.1%), machinery (7.5 percent). Main exports partners are Mainland China & Hong Kong (40% of total), ASEAN countries (18.3%), USA (12%), Europe (9%) and Japan (7%).

United Nations Comtrade Database
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