Retail sales in Taiwan surged 12.05 percent year-on-year in March of 2021, following a close strong increase of 12.81 percent in the previous month. It was the 9th straight month of growth in retail activity, with the magnitude suggesting low base year effects arising from lockdown restrictions a year ago. The highest increases were recorded in textiles & clothing (39.28 percent vs 48.49 percent in February); cultural & recreation goods (26.37 percent vs 28.78 percent) and in fuel & related products (22.34 percent vs -2.13 percent). Additionally, sales still grew significantly for food, beverages & tobacco (7.71 percent vs 18.46 percent) and pharmaceutical & medical goods (7.50 percent vs 1.47 percent). On a monthly basis, retail sales advanced 3.4 percent. source: Ministry of Economic Affairs, R.O.C.

Retail Sales YoY in Taiwan averaged 2.52 percent from 2000 until 2021, reaching an all time high of 21.94 percent in January of 2011 and a record low of -11.89 percent in February of 2009. This page provides the latest reported value for - Taiwan Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Taiwan Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Retail Sales YoY in Taiwan is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Taiwan to stand at 2.00 in 12 months time. In the long-term, the Taiwan Retail Sales YoY is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Taiwan Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
12.05 12.81 21.94 -11.89 2000 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-25 08:00 AM Dec 1.39% 2.63% 1.5%
2021-02-25 08:00 AM Jan 3.56% 1.39% 1.5%
2021-03-23 08:00 AM Feb 12.81% 3.74% 4.5%
2021-04-23 08:00 AM Mar 12.05% 12.81% 9.5%
2021-05-25 08:00 AM Apr 11.7%
2021-06-23 08:00 AM May
2021-07-23 08:00 AM Jun
2021-08-24 08:00 AM Jul


News Stream
Taiwan Retail Sales Remains Robust in March
Retail sales in Taiwan surged 12.05 percent year-on-year in March of 2021, following a close strong increase of 12.81 percent in the previous month. It was the 9th straight month of growth in retail activity, with the magnitude suggesting low base year effects arising from lockdown restrictions a year ago. The highest increases were recorded in textiles & clothing (39.28 percent vs 48.49 percent in February); cultural & recreation goods (26.37 percent vs 28.78 percent) and in fuel & related products (22.34 percent vs -2.13 percent). Additionally, sales still grew significantly for food, beverages & tobacco (7.71 percent vs 18.46 percent) and pharmaceutical & medical goods (7.50 percent vs 1.47 percent). On a monthly basis, retail sales advanced 3.4 percent.
2021-04-23
Taiwan February Retail Trade Growth at 3-Year High
Retail sales in Taiwan surged 12.81 percent year-on-year in February of 2021, following an upwardly revised 3.74 percent increase in the previous month. It was the 8th straight month of growth in retail activity and at the fastest pace since February of 2018, mainly on account of textiles & clothing (48.49 percent vs -1.89 percent in January); cultural and recreation goods (28.78 percent vs 0.33 percent); food, beverages & tobacco (18.46 percent vs -0.80 percent) and general merchandise (17.44 percent vs -5.97 percent). Meanwhile, sales decreased for motor vehicles, motorcycles and parts (-0.1 percent vs 28.25 percent) and fuel & related products (-2.13 percent vs -9.31 percent). On a monthly basis, retail sales fell 14.8 percent.
2021-03-23
Taiwan Retail Sales Growth at 5-Month High
Retail sales in Taiwan jumped 3.56 percent year-on-year in January of 2021, following a 1.69 percent increase in the previous month. It was the fastest growth in retail sales since August of 2020, mainly attributed to motor vehicles, motorcycles and parts (29.16 percent vs -6.60 percent in December) construction materials (13.43 percent vs 3.62 percent); e-commerce (28.14 percent vs 15.32 percent); and household appliances (7.91 percent vs 4.36 percent). On the other hand, sales of food, beverages and tobacco further declined (-3.46 percent vs -1.89 percent), and fell at a slower rate for fuels and related products (-9.34 percent vs -15.92 percent). On a monthly basis, retail trade was up 3.62 percent, after edging up 0.6 percent in December.
2021-02-25
Taiwan Retail Trade Grows the Least in 6 Months
Retail sales in Taiwan increased 1.39 percent year-on-year in December of 2020, after an upwardly revised 2.63 percent increase in the previous month. It was the 6th consecutive increase in retail sales but at the weakest pace since June. Sales advanced much slower for cultural and recreation goods (3.72 percent vs 13.79 percent in November); pharmaceutical, medical goods and cosmetics (1.11 percent vs 5.24 percent) and construction materials (3.72 percent vs 13.79 percent). In addition, declines were seen in those of fuel & related products (-15.92 percent vs -17.23 percent); motor vehicles, motorcycles and parts (-6.60 percent vs 11.48 percent) and food, beverages & tobacco (-1.89 percent vs -2.11 percent). On a monthly basis, retail trade was up 0.6 percent, after increasing 0.3 percent in November.
2021-01-25

Taiwan Retail Sales YoY
In Taiwan, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.