Cityscape at night in Taiwan

Taiwan Trade Balance March 2021

Taiwan: Merchandise exports accelerate in March

Merchandise exports shot up 27.1% in annual terms in March (February: +9.7% year-on-year) amid ongoing surging electronics exports. Meanwhile, merchandise imports jumped 27.0% on an annual basis in March (February: +5.7% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.7 billion surplus in March (February 2021: USD 4.5 billion surplus; March 2020: USD 2.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 64.2 billion surplus in March, compared to the USD 63.4 billion surplus in February. Export orders—which typically lead actual exports by two to three months—rose 48.5% in February, the latest month for which data is available, suggesting strong trade momentum going forward.

On the reading, analysts at Oxford Economics commented:

“The strength in exports reflects broad-based demand for goods from Taiwan and a rebound in export prices. We remain positive on Taiwan’s export outlook, which will be supported by a global recovery and continuing growth in the electronics sector.”

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