Exports from Taiwan dropped 17.1% year-on-year to USD 31 billion in February 2023, following a 13-year low of 21.2% plunge in January and more than market estimates of a 14% fall. Lower sales were reported for all leading commodities, amid continuing weak external demand. Largest downturn in exports were from plastics & rubbers (-25.3%), base metals (-24.1%) and parts of electronic products (-17.8%). Among major destinations, shipments decreased the most to Mainland China & Hong Kong (-30.2%), followed by the USA (-13.7%), ASEAN countries (-11.1%) and Europe (-4.85); while, export sales grew to Japan (1%). Considering the first two months of the year, exports went down 19.2%, compared to the same period last year. source: Ministry of Finance, R.O.C.

Exports YoY in Taiwan averaged 8.84 percent from 1982 until 2023, reaching an all time high of 75.50 percent in January of 2010 and a record low of -44.00 percent in January of 2009. This page includes a chart with historical data for Taiwan Exports YoY. Taiwan Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

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Taiwan Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-02-07 08:00 AM Jan -21.2% -12.1% -20%
2023-03-07 08:00 AM Feb -17.1% -21.2% -14%
2023-04-11 08:00 AM Mar -17.1%

Taiwan Exports YoY
Taiwan's economy is export-oriented. Exports account for around 70 percent of total GDP and its composition have changed from predominantly agricultural commodities to industrial goods (now 98%) during the past 40 years. Main exports products are: electronics (33.1% of total), information, communication and audio-video products (10.8%), base metals (8.8%), plastics & rubber (7.1%), machinery (7.5 percent). Main exports partners are Mainland China & Hong Kong (40% of total), ASEAN countries (18.3%), USA (12%), Europe (9%) and Japan (7%).
Actual Previous Highest Lowest Dates Unit Frequency
-17.10 -21.20 75.50 -44.00 1982 - 2023 percent Monthly
NSA

News Stream
Taiwan Exports Remain Weak
Exports from Taiwan dropped 17.1% year-on-year to USD 31 billion in February 2023, following a 13-year low of 21.2% plunge in January and more than market estimates of a 14% fall. Lower sales were reported for all leading commodities, amid continuing weak external demand. Largest downturn in exports were from plastics & rubbers (-25.3%), base metals (-24.1%) and parts of electronic products (-17.8%). Among major destinations, shipments decreased the most to Mainland China & Hong Kong (-30.2%), followed by the USA (-13.7%), ASEAN countries (-11.1%) and Europe (-4.85); while, export sales grew to Japan (1%). Considering the first two months of the year, exports went down 19.2%, compared to the same period last year.
2023-03-07
Taiwan Exports Decline by Most Since 2009
Exports from Taiwan dropped by 21.2% year-on-year to USD 29.42 billion in January 2023, following a 12.1% fall in December and slightly more than market expectations of a 20% decrease. It was the biggest fall since 2009, amid weak global demand for technology products and the Lunar New Year holiday in China. Decreases were seen in all leading commodities, led by base metals (-28.8%), chemicals (-26.5%), and machinery (-25%). Also, semiconductor shipments sank 18.3%, the most in 14 years. Among major destinations, exports dropped the most to Mainland China & Hong Kong (-33.5%), followed by ASEAN countries (-26.7%) and the USA (-14.5%), while sales rose in Japan (3.1%) and Europe (2.5%).
2023-02-07
Taiwan Exports Fall Less than Expected
Exports dropped 12.1% from a year earlier to a 16-month low of USD 35.75 billion, after a 13.1% fall in the previous month, and compared to with market expectations of a 13.3% decline. It was the fourth straight month of decline in exports, amid deteriorating demand as inflation pressures persist globally and the impact of economic slowdown in China. Sales were down mostly for plastics & rubber and articles thereof (-33.8%), base metals and articles of base metal machinery (-22.0%), and communication and audio-video products (-10.7%). Among major destinations, sales fell the most to mainland China & Hong Kong (-16.4%), followed by the ASEAN countries (-10.8%), Europe (-10.5%), Japan (-6.1%), and the USA (-2.6%). Sales were down mostly for plastics & rubber and articles thereof (-33.8%), base metals and articles of base metal machinery (-22.0%), and communication and audio-video products. Considering the full year of 2022, exports rose 7.4% yoy to USD 479.52 billion.
2023-01-07


United Nations Comtrade Database
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