Exports from Taiwan increased 0.5 percent from a year earlier to USD 28.39 billion in June 2019, defying market forecasts of a 4 percent fall, driven by sales of information, communication and audio-video products (20.2 percent) and parts of electronic product (3.3 percent). By contrast, declines were seen in exports of plastics & rubber (-10.1 percent), base metals (-10 percent), and machinery (-6.3 percent). Among major trade partners, exports rose to the US (18.5 percent), but declined to all other key partners: Mainland China & Hong Kong (-3.8 percent); ASEAN (-7.1 percent); Europe (-8.6 percent); and Japan (-0.4 percent). Exports in Taiwan averaged 13298.10 USD Million from 1981 until 2019, reaching an all time high of 29985.19 USD Million in March of 2018 and a record low of 1406.50 USD Million in February of 1981.
Exports in Taiwan is expected to be 26100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Taiwan to stand at 28900.00 in 12 months time. In the long-term, the Taiwan Exports is projected to trend around 32900.00 USD Million in 2020, according to our econometric models.