Imports to Taiwan dropped 8.6 percent year-on-year to USD 22.29 billion in June 2020, compared with market expectation of a 5.25 percent fall. Purchases declined mainly for mineral products (-50.9 percent), namely petroleum (-75.9 percent); chemicals (-9.4 percent) and machinery (-6 percent). Among major trading partners, imports decreased from ASEAN (-3 percent), Europe (-16.2 percent) and the US (-23.5 percent).
Imports in Taiwan averaged 11955.42 USD Million from 1981 until 2020, reaching an all time high of 27075.89 USD Million in May of 2011 and a record low of 1203.70 USD Million in February of 1983. This page provides - Taiwan Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Imports - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Imports in Taiwan is expected to be 22900.00 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 24550.00 in 12 months time. In the long-term, the Taiwan Imports is projected to trend around 26500.00 USD Million in 2021, according to our econometric models.