Latest reading: Merchandise exports rose 7.2% annually in July, beating market expectations and following June’s 5.9% rise. Firms accelerating shipments...
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 gain steam in July
Latest reading: Merchandise exports soared 42.0% annually in July, following June’s 33.7% upturn and well above market expectations. The outturn marked the most robust increase since May 2010 and was driven by higher sales of IT and electronics goods. Meanwhile, merchandise imports shot up 20.8% on an annual basis in July (June: +17.3% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 14.3 billion surplus in July (June 2025: USD 12.1 billion surplus; July 2024: USD 4.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 109.7 billion surplus in July, compared to the USD 100.2 billion surplus in June.
Panelist insight: On the outlook, Nomura analysts said: “By destination, export growth to the US remained strong at 62.8% y-o-y, led by ICT products (proxy of AI demand) and machinery. Notably, exports to supply chain nodes such as ASEAN-6 and Mexico surged by 72% y-o-y and 206.2% y-o-y […]. Although we expect export growth to moderate in coming months due to some payback from frontloading demand in Q2, July’s stronger export data increase upside risk to our near-term growth outlook.”
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
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China: Merchandise exports accelerate in July -
Taiwan: Merchandise exports gain steam in July Latest reading: Merchandise exports soared 42.0% annually in July, following June’s 33.7% upturn and well above market expectations. The outturn... -
Vietnam: Merchandise exports grow at a slower rate in July Latest reading: Merchandise exports growth rose 16.6% year on year in July, following June’s 17.4% increase, as front-loading activities continued... -
Korea: Merchandise exports accelerate in July Latest reading: Merchandise exports rose 5.9% on an annual basis in July, following June’s 4.3% increase. July’s figure marked the... -
Thailand: Merchandise exports increase at a softer rate in June Latest reading: Merchandise exports grew 16.0% over the same month last year in June (May: +18.5% year-on-year). Meanwhile, merchandise imports... -
Philippines: Merchandise exports growth hits over one-year high in June Latest reading: Merchandise exports jumped 26.1% in annual terms in June, following May’s 15.5% upturn. June’s figure marked the fastest... -
Mexico: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure...