Exports dropped 12.1% from a year earlier to a 16-month low of USD 35.75 billion, after a 13.1% fall in the previous month, and compared to with market expectations of a 13.3% decline. It was the fourth straight month of decline in exports, amid deteriorating demand as inflation pressures persist globally and the impact of economic slowdown in China. Sales were down mostly for plastics & rubber and articles thereof (-33.8%), base metals and articles of base metal machinery (-22.0%), and communication and audio-video products (-10.7%). Among major destinations, sales fell the most to mainland China & Hong Kong (-16.4%), followed by the ASEAN countries (-10.8%), Europe (-10.5%), Japan (-6.1%), and the USA (-2.6%). Sales were down mostly for plastics & rubber and articles thereof (-33.8%), base metals and articles of base metal machinery (-22.0%), and communication and audio-video products. Considering the full year of 2022, exports rose 7.4% yoy to USD 479.52 billion. source: Ministry of Finance, R.O.C.

Exports YoY in Taiwan averaged 8.96 percent from 1982 until 2022, reaching an all time high of 75.50 percent in January of 2010 and a record low of -44.00 percent in January of 2009. This page includes a chart with historical data for Taiwan Exports YoY. Taiwan Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

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Taiwan Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 08:00 AM Nov -13.1% -0.5% -6.7%
2023-01-07 08:00 AM Dec -12.1% -13.1% -13.3%
2023-02-07 08:00 AM Jan -12.1%

Taiwan Exports YoY
Taiwan's economy is export-oriented. Exports account for around 70 percent of total GDP and its composition have changed from predominantly agricultural commodities to industrial goods (now 98%) during the past 40 years. Main exports products are: electronics (33.1% of total), information, communication and audio-video products (10.8%), base metals (8.8%), plastics & rubber (7.1%), machinery (7.5 percent). Main exports partners are Mainland China & Hong Kong (40% of total), ASEAN countries (18.3%), USA (12%), Europe (9%) and Japan (7%).
Actual Previous Highest Lowest Dates Unit Frequency
-12.10 -13.10 75.50 -44.00 1982 - 2022 percent Monthly
NSA

News Stream
Taiwan Exports Fall Less than Expected
Exports dropped 12.1% from a year earlier to a 16-month low of USD 35.75 billion, after a 13.1% fall in the previous month, and compared to with market expectations of a 13.3% decline. It was the fourth straight month of decline in exports, amid deteriorating demand as inflation pressures persist globally and the impact of economic slowdown in China. Sales were down mostly for plastics & rubber and articles thereof (-33.8%), base metals and articles of base metal machinery (-22.0%), and communication and audio-video products (-10.7%). Among major destinations, sales fell the most to mainland China & Hong Kong (-16.4%), followed by the ASEAN countries (-10.8%), Europe (-10.5%), Japan (-6.1%), and the USA (-2.6%). Sales were down mostly for plastics & rubber and articles thereof (-33.8%), base metals and articles of base metal machinery (-22.0%), and communication and audio-video products. Considering the full year of 2022, exports rose 7.4% yoy to USD 479.52 billion.
2023-01-07
Taiwan Exports Drop More than Forecast
Exports from Taiwan dropped by 13.1% to USD 36.13 billion year-on-year in November 2022, following a 0.5% decline in October and way above market forecasts of a 6.7% fall. Decreases in sales were seen from all leading commodities, with the largest drop recorded from plastics & rubber and articles thereof (-33.4%), base metals & articles of base metal (-28.3%) and machinery (-16.1%). Among major destinations, sales to all trading partners declined, with the exception of Japan which grew by 15%. Shipments to China and Hong Kong posted the largest decrease by 20.9%, followed by Europe (-19%), USA (-11.3%) and ASEAN countries (-4.5%).
2022-12-07
Taiwan Exports Fall Less than Forecast
Exports from Taiwan fell by 0.5% to USD 39.93 billion year-on-year in October 2022, following a 5.3% decline in September and compared with market consensus of a 6% decline. Decreases in sales were seen from base metal and articles of base metals (-27.6%), plastics & rubber and articles thereof (-28.7%), and machinery (-4.4%). Whereas, sales grew for parts of electronic products (42.3%) and information, communication and audio-video products (11.4%). Of the country’s major trading partners, sales to China and Hong Kong declined by 9.2%. By contrast, exports grew to Japan (18.7%), ASEAN countries (11%), USA (3.1%), and Europe (1.5%).
2022-11-08


United Nations Comtrade Database
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