Imports to Taiwan jumped 13.9 percent year-on-year to USD 26.99 billion in December 2019, mainly due to purchases of agriculture and industrial raw materials (2.3%); capital equipment (25.5%) and consumer goods (11.1%). Imports increased mainly from China and Hong Kong (15.5%), Japan (20.9%), the US (5.5%) and Europe (46.7%). Imports in Taiwan averaged 11838.11 USD Million from 1981 until 2019, reaching an all time high of 27132.35 USD Million in May of 2011 and a record low of 1203.70 USD Million in February of 1983.
Imports in Taiwan is expected to be 24400.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Taiwan to stand at 25500.00 in 12 months time. In the long-term, the Taiwan Imports is projected to trend around 26500.00 USD Million in 2020, according to our econometric models.