Taiwan Merchandise Exports

Exports continue to boom in April

Latest reading: In April, the trade balance was USD +14.4 billion, following a USD +21.3 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD +192.7 billion. Merchandise exports increased 39.0% in annual terms in April, coming on the back of a 61.8% increase in the prior month and well below market expectations. Still, exports growth remained historically high, supported by strong global demand and high prices for the country’s electronics—especially semiconductors. Once again, shipments to the U.S. rose the most. Merchandise imports rose 29.2% in year-on-year terms in April, following a 38.3% increase in the prior month.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Taiwanese merchandise exports projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Taiwanese merchandise exports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Taiwanese merchandise exports projections.

Want to get access to the full dataset of Taiwanese merchandise exports forecasts? Send an email to info@focus-economics.com.