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.

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Taiwan Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6155.87 6178.62 7459.60 -847.44 1981 - 2021 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-09 08:00 AM Feb $4.51B $6.19B $4.25B $5.7B
2021-04-09 08:00 AM Mar $3.66B $4.51B $4.556B $5.1B
2021-05-07 08:00 AM Apr $6.18B $3.66B $3.12B $3.3B
2021-06-08 08:00 AM May $6.16B $6.18B $5.995B $6.1B
2021-07-07 08:00 AM Jun $6.16B
2021-08-07 08:00 AM Jul
2021-09-07 08:00 AM Aug
2021-10-07 08:00 AM Sep


News Stream
Taiwan Trade Surplus Widens More than Expected
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).
2021-06-08
Taiwan Trade Surplus Exceeds Market Consensus
Taiwan's trade surplus widened to USD 6.18 billion in April of 2021, from USD 2.44 billion in the same month of the previous year and largely surpassed market expectations of USD 3.12 billion. Exports surged 38.7% year-on-year to USD 34.96 billion, the tenth consecutive month of increases and above market forecasts of a 26.9% jump. Sales rose primarily for parts of electronic products (34.0%); information, communication, & audio-video products (35.9%); base metals & articles thereof (40.7%); plastic, rubber & articles thereof (52.5%); and machinery (27.6%). Meantime, imports rose a slower 26.4% to USD 28.79 billion, the sixth straight month of increases and was slightly higher than market estimates of a 24.0% jump. Larger volumes were seen in purchases of parts of electronic products (23.6%); mineral products (58.4%); machinery (34.3%); chemicals (10.1%); and base metals & articles thereof (33.4%).
2021-05-07
Taiwan Trade Surplus Misses Expectations in March
Taiwan's trade surplus widened to USD 3.66 billion in March of 2021, from USD 2.86 billion in the same month of the previous year but missed market expectations of USD 4.56 billion. Exports surged 27.1% year-on-year to USD 35.89 billion, the ninth consecutive month of increases and well above market forecasts of a 17.4% jump. Sales rose primarily for machinery and electrical equipment (28.4%); base metals and articles of base metal (21.4%); plastics & rubber and articles thereof (39.0%); and chemicals (34.4%). Meantime, imports rose a slightly lower 27.0% to USD 32.23 billion, the fifth straight month of increases and also beat market estimates of a 12.1% jump. Larger volumes were seen in purchases of machinery and electrical equipment (31.6%); mineral products (28.4%); chemicals (17.7%); and base metals and articles of base metal (25.8%).
2021-04-09
Taiwan Trade Surplus Widens in February
Taiwan's trade surplus increased to USD 4.51 billion in February of 2021, from USD 3.30 billion in the same month of the previous year and above market expectations of USD 4.25 billion. Exports surged 9.7% year-on-year to USD 27.79 billion, the eighth consecutive month of increases and slightly below market forecasts of a 10.5% gain. Sales rose primarily for parts of electronic products (14.4%), information, communication and audio-video products (7.5%), base metals and articles of base metal (10.6%), plastics & rubber and articles thereof (18.8%), and machinery (16.2%). Meantime, imports rose at a slower 5.7% to USD 23.28 billion, the fourth straight month of increases and well below market estimates of a 12.2% surge. Increases seen in purchases of parts of electronic products (14.7%), machinery (22.1%) and base metals and articles of base metal (1.6%) were partly offset by decreases in those of mineral products (-18.5%) and chemicals (-4.6%).
2021-03-09

Taiwan Balance of Trade
Foreign trade has been the engine of Taiwan's rapid growth during the past 40 years. Main export products are electronics, base metals, information, communication and audio-video products, machinery and plastics & rubber. Taiwan imports mostly parts of electronic products, mineral products and base metals, machinery and chemicals. Main trading partners are Mainland China & Hong Kong, USA, Japan, Europe and ASEAN countries.