Taiwan's trade surplus widened to USD 7.14 billion in September 2020 from USD 3.13 billion in the same period of the previous year, beating market expectations of USD 5.2 billion. That was the largest trade surplus on record as exports jumped by a greater than expected 9.4 percent, amid a recovery in global demand. Sales increased mostly for parts of electronic product (26.1 percent) and information, communication and audio-video products (22.5 percent). Among major trading partners, exports increased to China & Hong Kong (22.3 percent) and the US (14.5 percent), but fell to ASEAN (-4.1 percent), Japan (-7.6 percent) and Europe (-4.7 percent). Meanwhile, imports were down unexpectedly by 5.4 percent, due to lower purchases for machinery (-16.1 percent), mineral products (-29.3 percent) such as petroleum, chemicals (-9.1 percent), and information, communication and audio-video products (-3.6 percent). Imports declined from all key trade partners.

Balance of Trade in Taiwan averaged 1707.30 USD Million from 1981 until 2020, reaching an all time high of 7140 USD Million in September 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 October of 2020.

Balance of Trade in Taiwan is expected to be 3400.00 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 3950.00 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 3000.00 USD Million in 2022, according to our econometric models.

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Taiwan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
7136.00 6466.42 7136.00 -847.44 1981 - 2020 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-07 08:00 AM Jun $4.84B $4.72B $4B $ 4B
2020-08-07 08:00 AM Jul $5.37B $4.84B $4.277B $4.0B
2020-09-07 08:00 AM Aug $6.47B $5.37B $5.8B $5.5B
2020-10-07 08:00 AM Sep $7.14B $6.47B $5.2B $ 5.6B
2020-11-09 08:00 AM Oct $7.14B
2020-12-09 08:00 AM Nov


News Stream
Taiwan Posts Largest Trade Surplus on Record
Taiwan's trade surplus widened to USD 7.14 billion in September 2020 from USD 3.13 billion in the same period of the previous year, beating market expectations of USD 5.2 billion. That was the largest trade surplus on record as exports jumped by a greater than expected 9.4 percent, amid a recovery in global demand. Sales increased mostly for parts of electronic product (26.1 percent) and information, communication and audio-video products (22.5 percent). Among major trading partners, exports increased to China & Hong Kong (22.3 percent) and the US (14.5 percent), but fell to ASEAN (-4.1 percent), Japan (-7.6 percent) and Europe (-4.7 percent). Meanwhile, imports were down unexpectedly by 5.4 percent, due to lower purchases for machinery (-16.1 percent), mineral products (-29.3 percent) such as petroleum, chemicals (-9.1 percent), and information, communication and audio-video products (-3.6 percent). Imports declined from all key trade partners.
2020-10-07
Taiwan Trade Surplus Larger than Expected
Taiwan's trade surplus widened to USD 6.466 billion in August of 2020 from USD 6.12 billion in the corresponding month of the previous year and above market expectations of a USD 5.8 billion. It was the largest trade surplus since September of 2017. Exports climbed 8.3% to USD 31.174 billion, boosted by higher sales of parts of electronic products (19.1%) and information, communication and audio-video products (21%). Among major trading partners, exports increased to China & Hong Kong (22.9%) and the US (13.9%), but fell for ASEAN countries (-3.3%) and Europe (-4.2%). Meantime, imports advanced 8.5% to USD 24.708 billion, due to parts of electronic products (20.1%) and machinery (13.1%). On the other hand, purchases declined for mineral products (-35.5%), in particular petroleum (-45.5%). Imports rose from China & Hong Kong (22.3%); ASEAN (12.8%); Japan (12.1%) and Europe (18.1%).
2020-09-07
Taiwan Posts Largest Trade Surplus in Nearly a Year
Taiwan's trade surplus widened to USD 5.37 billion in July 2020 from USD 3.61 billion in the same month of the previous year ana above market expectations of a USD 4.277 billion surplus. It was the largest trade surplus since August last year, as imports declined 6.8 percent to USD 22.83 billion mainly due to lower purchases of mineral products (-42.9 percent), in particular petroleum (-55.7 percent); and chemicals (-10 percent). Among major trading partners, imports fell from the US (-17.6 percent), Europe (-6.4 percent) and the Middle East (-33.4 percent). Exports rose 0.4 percent to USD 28.19 billion, boosted by higher sales of parts of electronic products (15.5 percent); and information, communication and audio-video products (18.5 percent). Exports increased to China & Hong Kong (12.7 percent) and the US (7.8 percent).
2020-08-07
Taiwan Posts Largest Trade Surplus in Nearly a Year
Taiwan's trade surplus widened to USD 4.84 billion in June 2020 from USD 3.82 billion in the same month of the previous year and above market expectations of a USD 4 billion surplus. It was the largest trade surplus since August last year, as imports dropped 8.6 percent to USD 22.29 billion, mostly due to lower purchases of mineral products (-50.9 percent), namely petroleum (-75.9 percent); chemicals (-9.4 percent) and machinery (-6 percent). Among major trading partners, imports decreased from ASEAN (-3 percent), Europe (-16.2 percent) and the US (-23.5 percent). Exports fell 3.8 percent to USD 27.13 billion, due to lower sales of base metals and articles of base metal (-23.8 percent); machinery (-17.7 percent) and plastics & rubber and articles thereof (-23.4 percent). Exports declined to ASEAN (-12.1 percent), Japan (-11.2 percent) and Europe (-18.2 percent).
2020-07-07

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.