The trade surplus in Taiwan narrowed to USD 3.30 billion in February 2020 from USD 5.06 billion a year earlier, compared to market expectations of a USD 3.9 billion surplus. Exports and imports for January and February tend to be volatile due to the Lunar New Year holidays which in 2020 fell in January but in 2019 in February. Imports jumped 44.7 percent year-on-year to USD 22.08 billion, boosted by machinery & electrical equipment (42.1 percent), mineral products (18.5 percent), chemicals (10.1 percent) and base metals & articles (6.9 percent). Among major trading partners, imports went up mainly from China and Hong Kong (15 percent) and the US (13.2 percent). Exports rose 24.9 percent to USD 25.38 billion, driven by higher sales of machinery & electrical equipment (59.5 percent), base metals & articles (7.6 percent), plastic & rubber (6.4 percent) and chemicals (5.7 percent). Exports increased for China and Hong Kong (38.6 percent) and to the US (13.4 percent).

Balance of Trade in Taiwan averaged 1661.38 USD Million from 1981 until 2020, reaching an all time high of 6604.45 USD Million in September of 2017 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 March of 2020.

Balance of Trade in Taiwan is expected to be 2100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Taiwan to stand at 3400.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 3400.00 USD Million in 2021 and 2400.00 USD Million in 2022, according to our econometric models.

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Taiwan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
3303.25 3457.97 6604.45 -847.44 1981 - 2020 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-09 08:00 AM Nov $4.28B $3.95B $4.18B $4.1B
2020-01-07 08:00 AM Dec $2.5B $4.28B $3.95B $4.4B
2020-02-07 08:00 AM Jan $3.46B $2.5B $1.66B $3.6B
2020-03-09 08:00 AM Feb $3.3B $3.46B $3.9B $3.3B
2020-04-08 08:00 AM Mar $3.3B $2.1B
2020-05-07 08:00 AM Apr
2020-06-10 08:00 AM May
2020-07-08 08:00 AM Jun $ 4B


News Stream
Taiwan Trade Surplus Narrows in February
The trade surplus in Taiwan narrowed to USD 3.30 billion in February 2020 from USD 5.06 billion a year earlier, compared to market expectations of a USD 3.9 billion surplus. Exports and imports for January and February tend to be volatile due to the Lunar New Year holidays which in 2020 fell in January but in 2019 in February. Imports jumped 44.7 percent year-on-year to USD 22.08 billion, boosted by machinery & electrical equipment (42.1 percent), mineral products (18.5 percent), chemicals (10.1 percent) and base metals & articles (6.9 percent). Among major trading partners, imports went up mainly from China and Hong Kong (15 percent) and the US (13.2 percent). Exports rose 24.9 percent to USD 25.38 billion, driven by higher sales of machinery & electrical equipment (59.5 percent), base metals & articles (7.6 percent), plastic & rubber (6.4 percent) and chemicals (5.7 percent). Exports increased for China and Hong Kong (38.6 percent) and to the US (13.4 percent).
2020-03-09
Taiwan Trade Surplus Above Forecasts in January
The trade surplus in Taiwan increased sharply to $3.45 billion in January of 2020 from $0.88 billion a year earlier, well above market expectations of a $1.66 billion surplus. Exports declined 7.6% year-on-year to $25 billion and imports slumped 17.7% to 21.6 billion. Exports and imports for January and February tend to be volatile due to the Lunar New Year holidays which in 2020 fell in January but in 2019 in February. Exports declined for information, communication and audio-video products (-2.7%) and base metals (-17.6%) but rose 2.9% for parts of electronic products. Sales dropped for China and Hong Kong (-7.8%) but rose to the US (1%). Imports declined mainly for parts of electronic products (-12.3%) and petroleum (-22.5%) but rose for machinery (7.8%). Purchases went down for all major trading partners, with those from China and Hong Kong falling 18.4%.
2020-02-07
Taiwan Trade Surplus Narrows in December
Taiwan's trade surplus decreased to USD 2.5 billion in December of 2019 from USD 4.7 billion in the same month a year ago and compared with market expectations of USD 3.95 billion. Exports went up 4% to USD 29.05 billion, mainly boosted by sales of parts of electronic products (11.9%); information, communication and audio-video products (15.1%) and transport vehicles (24%) while shipments fell for chemicals (-12.8%); plastics and rubber (-9.3%) and machinery (-7.6%). Among major trading partners, shipments increased to Mainland China & Hong Kong (6.2%) and the US (12.9%), but fell to ASEAN countries (-3.5%) and Europe (-3.4%). Imports jumped at a faster 13.9% to USD 26.99 billion, mainly due to purchases of agriculture and industrial raw materials (2.3%); capital equipment (25.5%) and consumer goods (11.1%). Imports increased mainly from China and Hong Kong (15.5%), Japan (20.9%), the US (5.5%) and Europe (46.7%).
2020-01-07
Taiwan Trade Surplus Falls 9.1% YoY
Taiwan's trade surplus narrowed to USD 4.28 billion in November of 2019 from USD 4.7 billion in the same month a year ago and compared with market expectations of USD 4.18 billion. Exports went up 3.3% to USD 28,583 billion, mainly boosted by sales of parts of electronic products (10.1%); and information, communication and audio-video products (22.7%) while shipments fell for base metals (-6.5%); plastics and rubber (-6.3%) and machinery (-6.6%). Among major trading partners, shipments jumped to Mainland China & Hong Kong (8%) and the US (16.9%), but fell to ASEAN countries (-10.8%). Imports jumped at a faster 5.8% to USD 24,304 billion, mainly due to purchases of machinery (90.8%); and information, communication and audio-video products (11.7%) while declines were seen in imports of electronic products (-4.3%); petroleum (-17.7%); and chemicals (-2.4%). Imports increased mainly from China and Hong Kong (4.8%), Japan (15.1%), the US (13.2%) and Europe (25.6%).
2019-12-09

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.