Imports to Taiwan fell by 16.6% year-on-year to USD 29.17 billion in January 2023, from an 11.4% drop in the previous month and below market forecasts of an 18.2% decrease. It was the largest fall in imports since January 2020, as purchases declined for parts of electronic products (-22.9%), chemicals (-18.4%) and information, communication and audio-video products (-22.1%). Conversely, arrivals rose for mineral products (1.6%) and machinery (2.7%). Of the major trading partners, imports decreased for all main suppliers, led by Mainland China and Hong Kong (-26.9%), followed by ASEAN countries (-10.8%), Japan (-21.8%), the USA (-11.5%), Europe (-12.4%) and Middle East (-3.3%). source: Ministry of Finance, R.O.C.

Imports YoY in Taiwan averaged 9.63 percent from 1982 until 2023, reaching an all time high of 114.70 percent in January of 2010 and a record low of -56.60 percent in January of 2009. This page includes a chart with historical data for Taiwan Imports YoY. Taiwan Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

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Taiwan Imports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-01-07 08:00 AM Dec -11.4% -8.6% -10.2%
2023-02-07 08:00 AM Jan -16.6% -11.4% -18.2%
2023-03-07 08:00 AM Feb -16.6%

Taiwan Imports YoY
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%).
Actual Previous Highest Lowest Dates Unit Frequency
-16.60 -11.40 114.70 -56.60 1982 - 2023 percent Monthly
NSA

News Stream
Taiwan Imports Fall the Most in 3 Years
Imports to Taiwan fell by 16.6% year-on-year to USD 29.17 billion in January 2023, from an 11.4% drop in the previous month and below market forecasts of an 18.2% decrease. It was the largest fall in imports since January 2020, as purchases declined for parts of electronic products (-22.9%), chemicals (-18.4%) and information, communication and audio-video products (-22.1%). Conversely, arrivals rose for mineral products (1.6%) and machinery (2.7%). Of the major trading partners, imports decreased for all main suppliers, led by Mainland China & Hong Kong (-26.9%), followed by ASEAN countries (-10.8%), Japan (-21.8%), the USA (-11.5%), Europe (-12.4%) and Middle East (-3.3%).
2023-02-07
Taiwan Imports Drop the Most in Near 2 Years
Imports to Taiwan fell 11.4% year-on-year to a 16-month low of USD 30.96 billion in December 2022, worse than market estimates of a 10.2% drop, and after an 8.6% decrease in the previous month. It was the second straight of decline in imports, and the steepest fall since January 2020, amid a surge in Covid cases in China, Taiwan's top trading partner, supply chain disruptions, and rising inflation. Purchases fell for information, communication and audio-video products (-26.7%), parts of electronic product (-26.2%), and chemicals (-17.0%). Among key trade partners, imports dropped from Mainland China & Hong Kong (-27.0%), Japan (-14.2%), the Middle East (-14.1%), and the ASEAN countries (-13.0%). For the full year of 2022, purchases surged 11.9% from a year earlier to USD 427.60 billion.
2023-01-07
Taiwan Imports Unexpectedly Fall
Imports to Taiwan fell by 8.6% year-on-year in November 2022, missing market estimates of a 0.6% rise and shifting from an 8.2% gain in the previous month. Declines in purchases were reported from 4 out of 5 leading commodities, namely parts of electronic products (-16.4%), mineral products (-7.4%), chemicals (-18.5%) and information, communication and audio-video products (-11.7%). Conversely, purchase of machinery rose by 15.6%. Of the major trading partners, arrivals from China and Hong Kong dropped by 22.6%, along with ASEAN countries (-6.6%), Japan (-12.3%) and Europe (-0.7%). Meanwhile, purchases grew in the USA (14.5%) and the Middle East (3.1%).
2022-12-07


United Nations Comtrade Database
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