Latest reading: Merchandise exports rose 7.5% annually in July, on the heels of June’s 10.8% upturn and underpinned by higher...
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 2024 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 |
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 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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