Taiwan's trade surplus widened to USD 6.16 billion in May of 2021, from USD 4.81 billion in the same month of the previous year and beat market expectations of USD 6.00 billion. Exports surged 38.6 percent to a record USD 37.41 billion, above forecasts of a 26 percent jump. Shipments rose primarily for machinery & electrical equipment (29.4 percent); base metals & products thereof (54.2 percent); plastics, rubber & goods thereof (74.7 percent); and chemicals (58.2 percent). Meantime, imports soared 40.9 percent to USD 31.25 billion, the seventh consecutive month of increases and largely surpassed estimates of a 25.7 percent climb. Purchases went up mostly for machines & electrical equipment (34.2 percent); mineral products (73.8 percent); chemicals (36.3 percent); and base metals & products thereof (60.8 percent). source: Ministry of Finance, R.O.C.
Balance of Trade in Taiwan averaged 1772.70 USD Million from 1981 until 2021, reaching an all time high of 7450.59 USD Million in October of 2020 and a record low of -847.44 USD Million in February of 2006. This page provides - Taiwan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Balance of Trade in Taiwan is expected to be 5100.00 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 3400.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 3400.00 USD Million in 2022 and 3000.00 USD Million in 2023, according to our econometric models.