Taiwan’s trade surplus declined to USD 4.79 billion in December 2022 from USD 5.75 billion in the same period a year earlier but beating market expectations of USD 3.45 billion, as exports dropped more than imports. Exports dropped 12.1% from a year earlier to a 16-month low of USD 35.75 billion, the fourth straight month of decline, amid a global economic slowdown and aggressive monetary tightening by major economies. Meanwhile imports fell 11.4% yoy to a 16-month low of USD 30.96 billion, as demand at home deteriorated, due to intense cost pressures. For the full year of 2022, the trade balance plunged 19.4% yoy to USD 51.92 billion. source: Ministry of Finance, R.O.C.

Balance of Trade in Taiwan averaged 1883.78 USD Million from 1981 until 2022, reaching an all time high of 7424.90 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 February of 2023.

Balance of Trade in Taiwan is expected to be 3300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Balance of Trade is projected to trend around 10500.00 USD Million in 2024 and 10000.00 USD Million in 2025, according to our econometric models.

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Taiwan Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 08:00 AM Nov $3.43B $2.99B $3.2B $4.5B
2023-01-07 08:00 AM Dec $4.79B $3.43B $3.45B $3.6B
2023-02-07 08:00 AM Jan $4.79B $3.9B


Related Last Previous Unit Reference
Balance of Trade 4790.00 3430.00 USD Million Dec 2022
Imports 30964.00 32702.74 USD Million Dec 2022
Exports 35750.00 36132.52 USD Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4790.00 3430.00 7424.90 -847.44 1981 - 2022 USD Million Monthly
NSA

News Stream
Taiwan Trade Surplus Narrows in December
Taiwan’s trade surplus declined to USD 4.79 billion in December 2022 from USD 5.75 billion in the same period a year earlier but beating market expectations of USD 3.45 billion, as exports dropped more than imports. Exports dropped 12.1% from a year earlier to a 16-month low of USD 35.75 billion, the fourth straight month of decline, amid a global economic slowdown and aggressive monetary tightening by major economies. Meanwhile imports fell 11.4% yoy to a 16-month low of USD 30.96 billion, as demand at home deteriorated, due to intense cost pressures. For the full year of 2022, the trade balance plunged 19.4% yoy to USD 51.92 billion.
2023-01-07
Taiwan Trade Surplus Narrows Above Expectations
Taiwan’s trade surplus narrowed to USD 3.43 billion in November 2022 from USD 5.77 billion in the same period a year earlier but above market expectations of USD 3.20 billion. Year-on-year, imports fell by 8.6%, linked to the decrease in purchases of parts of electronic products (-16.4%), mineral products (-7.4%), chemicals (-18.5%) and information, communication and audio-video products (-11.7%). Meanwhile, exports also dropped by 13.1%, amid declines in sales to all leading commodities, with the largest drop seen from plastics & rubbers and articles thereof (-33.4%) and base metals & articles of base metal (-28.3%). Considering the January-November period, the country’s trade surplus decreased by 19.6% to USD 47.15 billion, compared with the corresponding period of 2021.
2022-12-07
Taiwan Trade Surplus Below Expectations
Taiwan’s trade surplus narrowed to USD 2.99 billion in October 2022 from USD 6.11 billion in the same period a year earlier, and well below market expectations of USD 4.91 billion. Imports rose by 8.2% from a year earlier, amid higher purchases of mineral products (42%) and machinery (20.7%). Among trading partners, arrivals from the USA had the biggest share at 20.1%, followed by ASEAN countries at 18.4%. Conversely, exports fell by 0.5%, as large declines in sales were reported from plastics & rubber and articles thereof (-28.7%), and base metals (-27.6%). Of the trading partners, Japan accounted for the highest share in exports at 18.7%, with ASEAN countries at 11%.
2022-11-08