Taiwan's trade surplus widened to USD 3.66 billion in March of 2021, from USD 2.86 billion in the same month of the previous year but missed market expectations of USD 4.56 billion. Exports surged 27.1% year-on-year to USD 35.89 billion, the ninth consecutive month of increases and well above market forecasts of a 17.4% jump. Sales rose primarily for machinery and electrical equipment (28.4%); base metals and articles of base metal (21.4%); plastics & rubber and articles thereof (39.0%); and chemicals (34.4%). Meantime, imports rose a slightly lower 27.0% to USD 32.23 billion, the fifth straight month of increases and also beat market estimates of a 12.1% jump. Larger volumes were seen in purchases of machinery and electrical equipment (31.6%); mineral products (28.4%); chemicals (17.7%); and base metals and articles of base metal (25.8%). source: Ministry of Finance, R.O.C.
Balance of Trade in Taiwan averaged 1754.14 USD Million from 1981 until 2021, reaching an all time high of 7450.59 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 April of 2021.
Balance of Trade in Taiwan is expected to be 5100.00 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 3400.00 in 12 months time. In the long-term, the Taiwan Balance of Trade is projected to trend around 3400.00 USD Million in 2022 and 3000.00 USD Million in 2023, according to our econometric models.