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 YoY in Taiwan averaged 8.89 percent from 1982 until 2021, reaching an all time high of 75.50 percent in January of 2010 and a record low of -44 percent in January of 2009. This page includes a chart with historical data for Taiwan Exports YoY. Taiwan Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

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Taiwan Exports YoY

Calendar GMT Actual Previous Consensus TEForecast
2021-10-08 08:00 AM Sep 29.2% 26.9% 25%
2021-11-08 08:00 AM Oct 24.6% 29.2% 24.4%
2021-12-07 08:00 AM Nov 24.6%

Taiwan Exports YoY
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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