Imports to Taiwan rose 2.6 percent year-on-year to USD 23.15 billion in April 2019, missing market consensus of a 3.5 percent gain, fuelled by purchases of mineral products (15.2%), of which petroleum (27%) and machinery (18.6%). In contrast, imports fell for parts of electronic product (-0.9%); chemicals (-12.1%) and base metals (-7.5 percent). Imports rose mainly from China & Hong Kong (2.8%), ASEAN (7.1%) and the US (20%). Imports in Taiwan averaged 11620.19 USD Million from 1981 until 2019, reaching an all time high of 27132.35 USD Million in May of 2011 and a record low of 1203.70 USD Million in February of 1983.
Imports in Taiwan is expected to be 24300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Taiwan to stand at 24400.00 in 12 months time. In the long-term, the Taiwan Imports is projected to trend around 26500.00 USD Million in 2020, according to our econometric models.