Imports to Taiwan slipped 20.2% year-on-year to USD 29.2 billion in April 2023, edging lower from a 20.1% slump in the previous month and more than market estimates of an 18% fall. It was the largest drop since February 2019 due to lower purchases for all leading commodities, particularly chemicals (-33.2%), base metals (-31.7%) and parts of electronic products (-26%). On trade partners, arrivals declined the most to ASEAN countries (-26.1%), followed by Japan (-25.3%), China & Hong Kong (-23.4%), the Middle East (-17.1%), USA (-12.8%) and Europe (-7.6%). Considering the first four months of the year, imports went down by 16.9% compared to the same period a year earlier. source: Ministry of Finance, R.O.C.

Imports YoY in Taiwan averaged 9.47 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 June of 2023.

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Taiwan Imports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-11 08:00 AM Mar -20.1% -9.4% -12.3%
2023-05-08 08:00 AM Apr -20.2% -20.1% -18%
2023-06-07 08:00 AM May -20.2% -20.8%

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
-20.20 -20.10 114.70 -56.60 1982 - 2023 percent Monthly
NSA

News Stream
Taiwan Imports Drop the Most in Over 4 Years
Imports to Taiwan slipped 20.2% year-on-year to USD 29.2 billion in April 2023, edging lower from a 20.1% slump in the previous month and more than market estimates of an 18% fall. It was the largest drop since February 2019 due to lower purchases for all leading commodities, particularly chemicals (-33.2%), base metals (-31.7%) and parts of electronic products (-26%). On trade partners, arrivals declined the most to ASEAN countries (-26.1%), followed by Japan (-25.3%), China & Hong Kong (-23.4%), the Middle East (-17.1%), USA (-12.8%) and Europe (-7.6%). Considering the first four months of the year, imports went down by 16.9% compared to the same period a year earlier.
2023-05-08
Taiwan Imports Slip to 4-Year Low
Imports to Taiwan slumped 20.1% year-on-year to USD 30.98 billion in March 2023, slipping further from the 9.4% fall in the previous month and more than market expectations of a 12.3% decrease. It was the largest decline since February 2019, amid lower purchases for all leading commodities, considerably for parts of electronic products (-34.8%), mineral products (-31.7%), and chemicals (-22.6%). Among key trade partners, arrivals fell the most from the Middle East (-41.5%), followed by ASEAN countries (-27.1%), Mainland China & Hong Kong (-26.5%), Japan (-15.7%) and the USA (-8.3%). On the other hand, imports increased from Europe (6.5%). Considering the first three months of the year, imports went down by 15.8% compared to the same period in 2022.
2023-04-11
Taiwan Imports Fall Slightly Less Than Expected
Imports to Taiwan declined 9.4% year-on-year to USD 28.7 billion in February 2023 from an upwardly revised 16.8% fall in the previous month and slightly less than market expectations of a 9.8% drop. Decrease in purchases were seen from parts of electronic products (-26.6%), base metals (-25%) and chemicals (-11.9%). On the other hand, imports grew for machinery (21.9%) and mineral products (0.7%). Among key trade partners, arrivals fell the most from Mainland China & Hong Kong (-19.5%), followed by ASEAN countries (-18.3%), Middle East (-11.6%), Japan (-10.9%) and the USA (-0.2%); while, imports increased from Europe (18.9%). Considering the January-February period, imports were 13.3% lower compared to the same period a year earlier.
2023-03-07


United Nations Comtrade Database
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