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.