Taiwan recorded a new record USD 7.46 billion trade surplus in October of 2020 as exports jumped 11.2 percent year-on-year to a fresh high of USD 2.23 billion, mainly due to sales of parts of electronic products (21.8 percent) and information, communication and audio-video products (120.8 percent). Shipments went up mainly to China (16.9 percent), ASEAN countries (2.6 percent) and the US (21.4 percent). Meanwhile, imports fell 1 percent to USD 24.77 billion, pushed down mainly by purchases of mineral products (-29.5 percent) and chemicals (-7.5 percent). Imports from the ASEAN countries went down 5.5 percent while those from China increased 5 percent. source: Ministry of Finance, R.O.C.
Balance of Trade in Taiwan averaged 1719.34 USD Million from 1981 until 2020, reaching an all time high of 7463.31 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 November of 2020.
Balance of Trade in Taiwan is expected to be 4400.00 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 2500.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 2000.00 USD Million in 2021 and 3000.00 USD Million in 2022, according to our econometric models.