Taiwan's trade surplus narrowed to USD 3.87 billion in June 2019 from USD 5.24 billion in the same month a year ago and below market expectations of USD 4.20 billion. Imports jumped 6.6 percent, while markets had forecast a 0.5 percent drop, boosted by purchases of machinery (44.5 percent) and parts of electronic product (9.8 percent). Among major trade partners, imports rose from Mainland China & Hong Kong (9.4 percent), the US (34.3 percent), Europe (13 percent), Japan (4.6 percent) and ASEAN (4.8 percent). Meanwhile, exports increased at a softer 0.5 percent, also defying forecasts of 4 percent fall, driven by sales of information, communication and audio-video products (20.2 percent) and parts of electronic product (3.3 percent). Exports rose to the US (18.5 percent), but declined to all other key partners. Balance of Trade in Taiwan averaged 1624.89 USD Million from 1981 until 2019, reaching an all time high of 6662.67 USD Million in September of 2017 and a record low of -847.44 USD Million in February of 2006.

Balance of Trade in Taiwan is expected to be 1800.00 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 4800.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 3400.00 USD Million in 2020, according to our econometric models.

Taiwan Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-08 08:00 AM Balance of Trade Mar $3.12B $4.93B $5.11B
2019-05-07 08:00 AM Balance of Trade Apr $2.69B $3.12B $3.364B $2.7B
2019-06-10 08:00 AM Balance of Trade May $4.49B $2.69B $3.45B $3.8B
2019-07-08 08:00 AM Balance of Trade Jun $3.87B $4.49B $4.2B $3.2B
2019-08-07 08:00 AM Balance of Trade Jul $3.87B $1.9B
2019-09-07 08:00 AM Balance of Trade Aug $3.6B
2019-10-08 08:00 AM Balance of Trade Sep $ 1.8B


Taiwan Trade Last Previous Highest Lowest Unit
Balance of Trade 3871.39 4492.95 6662.67 -847.44 USD Million [+]
Current Account 17089.00 20720.00 28019.00 -851.00 USD Million [+]
Current Account to GDP 11.60 14.70 21.00 -1.90 percent [+]
Imports 24514.18 23224.14 27132.35 1203.70 USD Million [+]
Exports 28385.57 27717.09 29985.19 1406.50 USD Million [+]
External Debt 195030.00 191161.00 202611.00 31705.00 USD Million [+]
Terms of Trade 91.80 91.30 169.30 85.30 Index Points [+]
Capital Flows 17380.00 21872.00 28065.00 -1029.00 USD Million [+]
Tourist Arrivals 1101.39 974.26 1125.11 40.30 Thousand [+]
Gold Reserves 423.60 423.60 423.89 421.23 Tonnes [+]
Foreign Direct Investment 1060.04 971.46 3953.79 81.58 USD Million [+]
Crude Oil Production 0.20 0.20 1.30 0.20 BBL/D/1K [+]
Terrorism Index 0.94 0.50 0.94 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Taiwan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3871.39 4492.95 6662.67 -847.44 1981 - 2019 USD Million Monthly
NSA




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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