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.

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Taiwan Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-09 08:00 AM Apr $4.91B $4.66B $4.88B $5.5B
2022-06-08 08:00 AM May $2.41B $4.91B $4.6B $5B
2022-07-08 08:00 AM Jun $2.41B $ 2B


Related Last Previous Unit Reference
Balance of Trade 2404.96 4906.86 USD Million May 2022
Imports 39675.06 36552.32 USD Million May 2022
Exports 42080.02 41459.18 USD Million May 2022

Taiwan Balance of Trade
Foreign trade has been the engine of Taiwan's rapid growth during the past 40 years. Main export products are electronics, base metals, information, communication and audio-video products, machinery and plastics & rubber. Taiwan imports mostly parts of electronic products, mineral products and base metals, machinery and chemicals. Main trading partners are Mainland China & Hong Kong, USA, Japan, Europe and ASEAN countries.
Actual Previous Highest Lowest Dates Unit Frequency
2404.96 4906.86 7424.90 -847.44 1981 - 2022 USD Million Monthly
NSA

News Stream
Taiwan Trade Surplus Misses Expectations
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).
2022-06-08
Taiwan Trade Surplus Narrows Less than Forecasted
Taiwan's trade surplus narrowed to USD 4.91 billion in April of 2022 from USD 6.06 billion in the same month last year and compared to market expectations of USD 4.88 billion. Exports jumped 18.8% year-on-year to USD 41.46 billion, beating estimates of a 16.05% rise, reflecting growth in shipments of parts of electronic products (27.5%); and information, communication & audio-video products (10.2%). Among major destinations, shipments rose the most to South Korea (40.2%) and the US (26.6%). Meanwhile imports climbed 26.7% to USD 36.56 billion, above analyst forecasts of 20.0%, on the back of parts of electronic products (28.2%) and mineral products (53.7%). Among key trade partners, imports rose more from South Korea (34.8%) and the US (19.5%).
2022-05-09
Taiwan Trade Surplus Exceeds Market Consensus
Taiwan's trade surplus widened to USD 4.66 billion in March of 2022 from USD 3.58 billion in the same month last year, more than market expectations of USD 3.93 billion. Exports jumped 21.3% year-on-year to USD 43.50 billion, slightly beating market consensus of 21.0%, reflecting strong growth in exports of machinery & electrical equipment (27.0%), mostly parts of electronic products; and base metals & articles thereof (23.1%), with a notable increase in shipments of iron and steel. Among major destinations, shipments rose the most to Mainland China & Hong Kong (13.4%), and the US (36.6%). Meanwhile imports climbed a softer 20.3% to USD 38.85 billion, missing analyst forecasts of 20.5%. Growth came mostly from machinery & electrical equipment (19.8%), boosted by purchases of parts of electronic products; mineral products (68.7%); and chemicals (10.1%). Among key trade partners, imports rose from Mainland China & Hong Kong (15.3%), and the US (26.2%), but Japanese imports fell (-2.2%).
2022-04-08