Merchandise Trade Balance in Taiwan
The merchandise trade balance in Taiwan averaged USD 56.7 billion in the decade to 2024. The 2024 reading was USD 80.6 billion. For more information on trade, visit our dedicated page.
Taiwan Trade Chart
Note: This chart displays Trade Balance (USD billion) for Taiwan from 2025 to 2014.
Source: Macrobond.
Taiwan Trade Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Merchandise Trade Balance (USD bn) | 59.0 | 64.4 | 51.3 | 80.8 | 80.6 |
Export surge continues in September
Latest reading: In September, the trade balance was USD +12.4 billion, following a USD +16.8 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD +120.4 billion. Exports rose 33.8% in year-on-year terms in September, coming on the back of a 34.1% rise in the previous month. September’s reading was somewhat below market expectations but still elevated by historical standards. Exports rose by double digits to all key trading partners, with sales to the U.S. increasing the most. As in past months, higher sales of IT products—linked to the boom in global AI demand—drove exports. Imports rose 25.1% in year-on-year terms in September, following 29.5% growth in the prior month.
Panelist insight: On the export outlook, Nomura analysts said: “Looking ahead, we expect export growth in Q4 to remain resilient, albeit slower than in Q3, reflecting some payback from frontloading. That said, with the AI capex cycle continuing to gain momentum, we expect exports – which are heavily concentrated in tech – to potentially present upside risks to the growth outlook, which could mitigate the downside risks from soft domestic demand amid weak private consumption.”
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Taiwanese trade 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 trade forecast available for Taiwanese trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Taiwanese trade projections.
Want to get access to the full dataset of Taiwanese trade forecasts? Send an email to info@focus-economics.com.
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