Taiwan's trade surplus expanded to USD 2.4 billion in May of 2022 from USD 6.1 billion in the same month last year, but below market expectations of USD 4.6 billion. Exports jumped 12.5 percent year-on-year to USD 42.1 billion, but slightly lower than market estimates of 13 percent rise, driven by increased shipments of machinery and electrical equipment (+15.7 percent), particularly parts of electronic products (+25.9 percent). Among major destinations, shipments rose the most to Singapore (23.9 percent) and Japan (18.3 percent). Meanwhile imports climbed 26.7 percent to USD 39.7 billion, above analyst forecasts of 19.8 percent, amid increased purchases of mineral products (69.1 percent). Among key trade partners, imports rose mostly from Australia (118.5 percent) and South Korea (51.3 percent). source: Ministry of Finance, R.O.C.
Balance of Trade in Taiwan averaged 1853.17 USD Million from 1981 until 2022, reaching an all time high of 7424.90 USD Million in October of 2020 and a record low of -847.44 USD Million in February of 2006. This page provides - Taiwan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Balance of Trade in Taiwan is expected to be 2000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Balance of Trade is projected to trend around 3000.00 USD Million in 2023, according to our econometric models.