Cityscape at night in Taiwan

Taiwan Trade Balance July 2022

Taiwan: Merchandise exports rise at a softer pace in July

Merchandise exports rose 14.2% on an annual basis in July (June: +15.2% year-on-year) amid higher exports of electronics, machinery and mineral products. Meanwhile, merchandise imports climbed 19.4% in annual terms in July (June: +19.2% yoy) due in large part to higher fuel imports. Looking at key trading partners, exports to ASEAN and the U.S. rose by double digits, while those to China only increased 3.0%, likely a reflection of weak Chinese demand amid the country’s stop-start Covid-19 restrictions and property downturn.

As a result, the merchandise trade balance improved from the previous month, recording a USD 5.0 billion surplus in July (June 2022: USD 4.6 billion surplus; July 2021: USD 5.9 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 60.4 billion surplus in July, compared to the USD 61.2 billion surplus in June.

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