Taiwan's trade surplus expanded to USD 5.14 billion in June of 2021, from USD 5 billion in the same month of the previous year and compared with market expectations of USD 5.68 billion. Exports surged 35.1% to USD 36.65 billion, the second-highest on record and largely above estimates of a 30.3% jump, mainly due to continued strong demand for tech products including parts of electronic products (29.8%) and information, communication and audio-video products (22.5%). Sales also rose significantly for plastics & rubber and related (65.4%); base metals and articles of base metal (46.6%) and machinery (29.4%). Meantime, imports climbed 42.3% to USD 31.51 billion, the eighth consecutive month of increases and above estimates of a 40.9% climb. Purchases rose mostly for parts of electronic products (37.3%); mineral products (122.1%) and base metals and articles of base metal (62.7%). source: Ministry of Finance, R.O.C.
Balance of Trade in Taiwan averaged 1780.53 USD Million from 1981 until 2021, reaching an all time high of 7459.60 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 July 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.