Cityscape at night in Taiwan

Taiwan Trade Balance July 2020

Taiwan: Exports grow in July, trade surplus increases to 11-month high

Merchandise exports increased 0.4% in July in annual terms, contrasting with June’s 3.8% decline and marking the highest reading in the past five months. A jump in exports of electronic goods and information, communication and audiovisual products drove the overall increase, although this was partially offset by a fall in exports of base metals, machinery and plastics. Moreover, export orders—which typically lead actual exports by two to three months—climbed 6.5% in June, the latest month for which data is available, following May’s 0.4% increase, suggesting healthier trade momentum going forward.

Meanwhile, merchandise imports decreased 6.8% in July in year-on-year terms, following June’s 8.6% drop. Increased machinery imports and a slower decrease in imports of petroleum and other mineral products contributed to the softer fall. At the same time, electronic product imports continued to grow, albeit at a slower pace.

As a result, the trade surplus rose to an 11-month high of USD 5.4 billion in July, following June’s USD 4.8 billion reading, and jumping strongly from the USD 3.6 billion surplus recorded in the same month last year. The 12-month trailing trade surplus increased to USD 46.6 billion in July, which also marked an 11-month high, following June’s USD 44.8 billion reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest