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.

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Taiwan Imports

Actual Previous Highest Lowest Dates Unit Frequency
26992.33 24304.40 27132.35 1203.70 1981 - 2019 USD Million Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 08:00 AM Sep -0.6% -2.7% -3.15%
2019-11-08 08:00 AM Oct -4.1% -0.6% -1.3%
2019-12-09 08:00 AM Nov 5.8% -4.1% 2.25%
2020-01-07 08:00 AM Dec 13.9% 5.8% 4.7%


Taiwan Imports
A lack of natural resources had made Taiwan dependent on imports. Taiwan imports mostly parts of electronic products (18.2% of total), mineral products (15.2%), machinery (12.4%), chemicals (10.8%) and base metals (7.3%). Main import partners are Mainland China & Hong Kong (19.6% of total), Japan (17.6%), Europe (12.6%), USA (12.4%), ASEAN countries (11.8%) and Middle East (7.7%).

Taiwan Trade Last Previous Highest Lowest Unit
Balance of Trade 2502.25 4278.42 6662.67 -847.44 USD Million [+]
Current Account 12481.00 17466.00 27901.00 -851.00 USD Million [+]
Current Account to GDP 11.60 14.70 21.00 -1.90 percent [+]
Imports 26992.33 24304.40 27132.35 1203.70 USD Million [+]
Exports 29494.58 28582.82 29985.19 1406.50 USD Million [+]
External Debt 191864.00 187182.00 202611.00 31705.00 USD Million [+]
Terms of Trade 90.70 92.00 169.30 85.30 points [+]
Capital Flows 13407.00 16151.00 28065.00 -1029.00 USD Million [+]
Tourist Arrivals 990.40 939.13 1125.11 40.30 Thousand [+]
Gold Reserves 423.63 423.63 423.89 421.23 Tonnes [+]
Foreign Direct Investment 401.58 1930.19 3953.79 81.58 USD Million [+]
Terrorism Index 1.01 0.94 1.01 0.00 [+]


United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category