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Taiwan Merchandise Exports

Taiwan Merchandise Exports

Merchandise Exports in Taiwan

In 2022, merchandise exports of Taiwan were worth USD 479 billion, which is significantly higher than the USD 311 billion registered ten years earlier, and averaged USD 344 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 2023.
Source: Ministry of Finance Taiwan.

Taiwan Merchandise Exports Data

2018 2019 2020 2021 2022
Merchandise Exports (USD bn) 334 329 345 446 479
Merchandise Exports (ann. var. %) 5.9 -1.5 4.9 29.3 7.4

Merchandise exports grow at a faster pace in January

Merchandise exports jumped 18.1% over the same month last year in January, on the heels of December’s 11.8% upturn. January’s outturn marked the fastest increase since April 2022, and was driven by surging electronics and IT sales. Electronics were likely boosted by the global destocking cycle gradually coming to an end, and IT benefited from rising demand for AI applications. However, the overall export reading was distorted by the Lunar New Year holidays, which fell in January last year vs February this year. Meanwhile, merchandise imports shot up 19.0% in annual terms in January (December: -6.5% yoy), marking the strongest result since July 2022. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.5 billion surplus in January (December 2023: USD 11.1 billion surplus; January 2023: USD 2.3 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 80.7 billion surplus in January, compared to the USD 80.6 billion surplus in December.

Exports in February will be depressed by the Lunar New Year holidays, which will lead to a reduced number of working days compared to February 2023. However, Our Consensus is for exports and imports to both expand in 2024 as a whole, buoyed by a favorable base effect, the exhaustion of the global electronics destocking cycle and burgeoning demand for AI applications.

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

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