Exports from Taiwan increased 2.6 percent from a year earlier to USD 29 billion in August 2019, compared to market expectations of a 0.2 percent drop, boosted by sales of parts of electronic product (7.5 percent) and information, communication and audio-video products (31.4 percent). In contrast, exports declined for plastics and rubber (-11 percent), machinery (-9.2 percent), and base metals (-5.5 percent). Among key trading partners, exports increased to the US (22.8 percent), Japan (7 percent), Mainland China and Hong Kong (1.1 percent), and ASEAN (0.7 percent); but declined to Europe (-2.2 percent). Exports in Taiwan averaged 13364.04 USD Million from 1981 until 2019, reaching an all time high of 29985.19 USD Million in March of 2018 and a record low of 1406.50 USD Million in February of 1981.
Exports in Taiwan is expected to be 26100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Taiwan to stand at 28900.00 in 12 months time. In the long-term, the Taiwan Exports is projected to trend around 32900.00 USD Million in 2020, according to our econometric models.