Taiwan's trade surplus narrowed sharply to USD 3.1 billion in March 2019 from USD 6.0 billion in the same month of the previous year, missing market expectations of USD 5.1 billion. Exports fell 4.4 percent to USD 28.7 billion, the fifth consecutive month of decline, due to lower sales of parts of electronic product (-13.3 percent), base metals (-7.5 percent), plastics & rubber (-3.8 percent) and machinery (-3.2 percent). Among major trading partners, exports dropped to China & Hong Kong (-14.8 percent) and ASEAN (-9.9 percent). Meanwhile, imports surged 6.6 percent to USD 25.6 billion, buoyed by purchases of machinery (51.8 percent), parts of electronic product (6.4 percent) and petroleum (5.3 percent). Imports rose from China & Hong Kong (16.1 percent), ASEAN (8.4 percent), Japan (11.3 percent), the US (14.1 percent) and Europe (4.5 percent). Balance of Trade in Taiwan averaged 1611.56 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 2500.00 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
2019-01-07 08:00 AM Balance of Trade $4.71B $4.65B $5.123B
2019-02-15 08:00 AM Balance of Trade $0.91B $4.71B $3.285B $3.3B
2019-03-08 08:00 AM Balance of Trade $4.93B $0.91B $1.8B $1B
2019-04-08 08:00 AM Balance of Trade $3.12B $4.93B $5.11B
2019-05-07 08:00 AM Balance of Trade $3.12B
2019-06-08 08:00 AM Balance of Trade
2019-07-09 08:00 AM Balance of Trade


Taiwan Trade Last Previous Highest Lowest Unit
Balance of Trade 3119.89 4925.51 6662.67 -847.44 USD Million [+]
Current Account 18650.00 14040.00 25639.00 -851.00 USD Million [+]
Current Account to GDP 11.60 14.70 21.00 -1.90 percent [+]
Imports 25559.40 15468.25 27132.35 1203.70 USD Million [+]
Exports 28679.29 20393.76 29985.19 1406.50 USD Million [+]
External Debt 191161.00 202611.00 202611.00 31705.00 USD Million [+]
Terms of Trade 92.10 91.90 169.30 85.30 Index Points [+]
Capital Flows 20157.00 11195.00 24474.00 -1029.00 USD Million [+]
Tourist Arrivals 956.20 875.12 1125.11 40.30 Thousand [+]
Gold Reserves 423.60 423.60 423.89 421.23 Tonnes [+]
Foreign Direct Investment 217.33 340.76 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3119.89 4925.51 6662.67 -847.44 1981 - 2019 USD Million Monthly
NSA




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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