Trade Balance in Taiwan
Taiwan - Trade Balance
Exports contract marginally, pushing trade surplus lower
Merchandise exports contracted 0.6% in annual terms in March, contrasting February’s stellar 24.9% expansion. The mild overall fall belied markedly lower exports of machinery, plastics and base metals, partially offset by higher outflows of electronic products. Meanwhile, export orders—which typically lead actual exports by two to three months—decreased 0.8% in February, the latest month for which data is available, suggesting a continued slowdown in trade momentum going forward.
Meanwhile, merchandise imports inched up 0.5% year-on-year in March, slowing considerably from the rapid 44.7% increase recorded in the prior month. As with exports, the marginal overall increase veiled a marked increase in electronics inflows, partly offset by falling imports of mineral products and machinery.
As such, the trade surplus dropped to an 11-month low of USD 2.8 billion in March, down from both the USD 3.1 billion figure observed in March 2019, and the USD 3.3 billion surplus recorded in the previous month. The 12-month trailing trade surplus inched marginally lower to USD 44.0 billion in March from USD 44.3 billion in February.
Our panelists forecast that exports will expand 2.2% in 2020 and imports will rise 0.3%, bringing the trade surplus to USD 49.9 billion. In 2021, our panel expects exports will expand 3.0% and imports will rise 4.8%, pushing down the trade surplus to USD 46.3 billion.
Taiwan - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 48.1 | 50.0 | 58.3 | 49.2 | 43.5 |
Taiwan Trade Balance Chart
Source: Central Bank of China.
Taiwan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.69 | 1.28 % | Dec 31 |
| Exchange Rate | 29.91 | 0.07 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Taiwan: Merchandise exports rise at a more moderate rate in December
January 7, 2022
Merchandise exports shot up 23.4% over the same month last year in December, following November’s 30.2% upturn.
-
Taiwan: Inflation drops in December
January 6, 2022
Consumer prices fell 0.21% in December over the previous month, contrasting November's 0.24% increase.
-
Taiwan: Manufacturing PMI rises in December
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose from 54.9 in November to 55.5 in December.
-
Taiwan: Industrial output growth gains steam in November
December 23, 2021
Industrial output grew 12.2% in year-on-year terms in November, which followed October's 11.6% increase.
-
Taiwan: Central Bank keeps rates unchanged in December
December 16, 2021
At its monetary policy meeting on 16 December, the Board of Directors of Taiwan’s Central Bank (CBC) kept rates unchanged, leaving the discount rate at the record low of 1.125%.
© Copyright: 2022. | Taiwan Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
