The trade surplus in Taiwan more than doubled to $5.76 billion in December of 2020 from $2.47 billion a year earlier and beating market forecasts of $4.6 billion. Exports jumped 12% to a record $33 billion, the sixth consecutive month of increases and above market forecasts of a 9.2% gain. Sales rose mostly for parts of electronics (22%); information, communication and audio-video (18%); base metals (3%); machinery (5%) and plastics & rubber (16%). Imports edged up 0.9% to $27.2 billion, much lower than forecasts of a 4.1% gain, with main increases seen for electronics (22%) and information, communication and audio-video (24%). Considering full 2020, the trade surplus surged 35.1% to $58.8 billion as exports jumped 4.9% to a record $345.28 billion and imports increased only 0.3% to $286.5 billion. Exports to China jumped by 20.5% to a record high and to the US increased by 7.5%. source: Ministry of Finance, R.O.C.

Balance of Trade in Taiwan averaged 1735.18 USD Million from 1981 until 2020, reaching an all time high of 7450.59 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 January of 2021.

Balance of Trade in Taiwan is expected to be 5100.00 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 2022 and 3000.00 USD Million in 2023, according to our econometric models.

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Taiwan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5763.77 5268.95 7450.59 -847.44 1981 - 2020 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-07 08:00 AM Sep $7.14B $6.47B $5.2B $ 5.6B
2020-11-09 08:00 AM Oct $7.46B $7.14B $5B $6.1B
2020-12-07 08:00 AM Nov $5.27B $7.46B $6.43B $5.7B
2021-01-08 08:00 AM Dec $5.76B $5.27B $4.6B $5.1B
2021-02-07 08:00 AM Jan $5.76B
2021-03-09 08:00 AM Feb
2021-04-08 08:00 AM Mar
2021-05-08 08:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Taiwan Trade Surplus Surges as Exports Hit New High
The trade surplus in Taiwan more than doubled to $5.76 billion in December of 2020 from $2.47 billion a year earlier and beating market forecasts of $4.6 billion. Exports jumped 12% to a record $33 billion, the sixth consecutive month of increases and above market forecasts of a 9.2% gain. Sales rose mostly for parts of electronics (22%); information, communication and audio-video (18%); base metals (3%); machinery (5%) and plastics & rubber (16%). Imports edged up 0.9% to $27.2 billion, much lower than forecasts of a 4.1% gain, with main increases seen for electronics (22%) and information, communication and audio-video (24%). Considering full 2020, the trade surplus surged 35.1% to $58.8 billion as exports jumped 4.9% to a record $345.28 billion and imports increased only 0.3% to $286.5 billion. Exports to China jumped by 20.5% to a record high and to the US increased by 7.5%.
2021-01-08
Taiwan Trade Surplus Widens in November
Taiwan's trade surplus widened to USD 5.27 billion in November 2020, from USD 4.27 billion in the same month of the previous year but below market expectations of USD 6.43 billion. Exports jumped 12 percent boosted by sales of parts of electronic product (19.5 percent), information, communication and audio-video products (18.5 percent), and plastics & rubber and articles thereof (11.0 percent). Among major trade partners, sales rose to China & Hong Kong, ASEAN, the US and Europe. Meanwhile, imports were up 10 percent, on the back of parts of electronic product (38.3 percent) and information, communication and audio-video products (46.9 percent). Purchases rose from China & Hong Kong, Europe, ASEAN and Japan.
2020-12-07
Taiwan Trade Surplus Hits Fresh Record
Taiwan recorded a new record USD 7.46 billion trade surplus in October of 2020 as exports jumped 11.2 percent year-on-year to a fresh high of USD 2.23 billion, mainly due to sales of parts of electronic products (21.8 percent) and information, communication and audio-video products (120.8 percent). Shipments went up mainly to China (16.9 percent), ASEAN countries (2.6 percent) and the US (21.4 percent). Meanwhile, imports fell 1 percent to USD 24.77 billion, pushed down by lower purchases of mineral products (-29.5 percent) and chemicals (-7.5 percent). Imports from the ASEAN countries went down 5.5 percent while those from China increased 5 percent.
2020-11-09
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 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.