Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports...
Merchandise Exports in Taiwan
Merchandise exports were worth USD 475 billion in 2024 in Taiwan compared to USD 319 billion ten years earlier, and averaged USD 367 billion over the last decade. For more exports information, visit our dedicated page.
Taiwan Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for Taiwan from 2014 to 2024.
Source: Macrobond.
Taiwan Merchandise Exports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 345 | 446 | 479 | 432 | 475 |
| Merchandise Exports (ann. var. %) | 4.9 | 29.3 | 7.4 | -9.8 | 9.8 |
Merchandise exports surge in June
Latest reading: Merchandise exports shot up 33.7% in annual terms in June (May: +38.6% year-on-year), well above market expectations, linked to burgeoning global demand for AI applications. Looking at key trading partners, sales to the U.S. nearly doubled, while those to other regions showed more modest growth or contracted slightly. Meanwhile, merchandise imports jumped 17.3% on an annual basis in June (May: +25.0% yoy), marking the weakest result since January 2025 but still a robust reading linked to tech facility investment. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 12.1 billion surplus in June (May 2025: USD 12.6 billion surplus; June 2024: USD 4.7 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 100.2 billion surplus in June, compared to the USD 92.9 billion surplus in May.
Panelist insight: On the data and outlook, Nomura analysts said: “Although frontloading demand partly contributed to strong export growth following the US tariff threat, we believe the AI investment cycle is a key structural driver of solid export growth, which can partly offset adverse tariff-led shocks. That said, ahead of the 1 August tariff negotiation deadline, the mounting trade surplus with the US may lead to a hawkish tariff deal including conditions to import more from the US.”
Consensus Forecasts and Projections for the next ten years
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.
Latest Global Trade News
-
India: Merchandise exports fall at a slower pace in June -
Singapore: Non-oil domestic exports rebound in June Latest reading: Non-oil domestic exports (NODX) soared 13.0% on an annual basis in June, following May’s 3.9% drop. June’s outturn... -
Argentina: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.8% on an annual basis in June (May: -7.5% year-on-year) thanks to booming energy... -
Malaysia: Merchandise exports rise at a milder pace in June Latest reading: Merchandise exports climbed 7.2% on an annual basis in June, on the heels of May’s 9.3% increase. The... -
Indonesia: Merchandise export growth surges in May Latest reading: Merchandise exports climbed 9.7% over the same month last year in May (April: +5.1% year-on-year). Meanwhile, merchandise imports... -
China: Merchandise exports gain steam in June Latest reading: Merchandise exports climbed 5.8% on an annual basis in June (May: +4.8% year-on-year), beating market expectations and coming... -
Peru: Merchandise exports drop in May Latest reading: Merchandise exports contracted 1.5% on an annual basis in May, contrasting April’s 14.8% upturn. The outturn marked the...