Taiwan's trade surplus narrowed to USD 6.12 billion in October of 2021 from USD 7.42 billion in the same month last year, smaller than market expectations of USD 6.6 billion. Exports advanced 24.6% year-on-year to a fresh record of USD 40.14 billion, 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%); and base metals & articles thereof (65.2%). Meanwhile, imports surged 37.2% to USD 34.02 billion, more than market estimates of 30.7%, led by purchases of machinery & electrical equipment (34.5%); mineral products (117.0%); and chemicals (35.4%). 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 Finance, R.O.C.

Balance of Trade in Taiwan averaged 1809.94 USD Million from 1981 until 2021, 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 December of 2021.

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 2022, according to our econometric models.

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Taiwan Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-08 08:00 AM Sep $6.45B $3.48B $4.2B $ 2.5B
2021-11-08 08:00 AM Oct $6.12B $6.45B $6.63B $6.5B
2021-12-07 08:00 AM Nov $6.12B $5.9B


Related Last Previous Unit Reference
Balance of Trade 6122.08 6446.47 USD Million Oct/21
Imports 34018.06 33206.34 USD Million Oct/21
Exports 40140.13 39652.82 USD Million Oct/21

News Stream
Taiwan October Trade Surplus Narrows More than Expected
Taiwan's trade surplus narrowed to USD 6.12 billion in October of 2021 from USD 7.42 billion in the same month last year, smaller than market expectations of USD 6.6 billion. Exports advanced 24.6% year-on-year to a fresh record of USD 40.14 billion, 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%); and base metals & articles thereof (65.2%). Meanwhile, imports surged 37.2% to USD 34.02 billion, more than market estimates of 30.7%, led by purchases of machinery & electrical equipment (34.5%); mineral products (117.0%); and chemicals (35.4%). 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.
2021-11-08
Taiwan Trade Surplus Narrows in September
Taiwan's trade surplus shrunk to USD 6.5 billion in September of 2021 from USD 7.1 billion in the same month of the previous year, but above market expectations of USD 4.2 billion. Exports surged 29.2% year-on-year to a fresh record of USD 39.65 billion, above market forecasts of a 25% jump, mainly due to sustained demand for tech products including parts of electronic products (29.8%); and information, communication and audio-video products (22.8%). Also, sales rose significantly for base metals & articles of base metal (60.7%); plastics & rubber and articles thereof (32.5%) and machinery (28.2%). Meanwhile, imports jumped 40.4% to USD 33.2 billion, below market estimates of a 41.2% surge. Larger volumes were seen mostly in purchases of mineral products (97.6%); machinery (44.5%); parts of electronic products (30.7%); chemicals (30.8%) and information, communication and audio-video products (51.8%).
2021-10-08
Taiwan Trade Surplus Misses Expectations in August
Taiwan's trade surplus narrowed to USD 3.5 billion in August of 2021, from USD 6.5 billion in the same month of the previous year missing market expectations of USD 6.7 billion. Exports surged 26.9% year-on-year to a fresh record of USD 39.55 billion, above market forecasts of a 23.5% increase. Sales rose primarily for Base Metals & Articles of Base Metal (50.3%); Plastics & Rubber and Articles Thereof (42.7%); Machinery (39.6%); Parts of Electronic Product (21.9%); and Information, Communication & Audio-video Products (17.2%). Meanwhile, imports jumped 46.3% to a record high of USD 36.1 billion, and also beating market estimates of a 29.4% increase. Larger volumes were seen in purchases of Mineral Products (101.7%); Base Metals & Articles of Base Metal (76.2%); Machinery (64.8%); Chemicals (43%); and Parts of Electronic Products (36.28%).
2021-09-07

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.