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 surge in June
Latest reading: Merchandise exports shot up 33.7% in annual terms in June (May: +38.6% year-on-year), well above market expectations, linked to burgeoning global demand for AI applications. Looking at key trading partners, sales to the U.S. nearly doubled, while those to other regions showed more modest growth or contracted slightly. Meanwhile, merchandise imports jumped 17.3% on an annual basis in June (May: +25.0% yoy), marking the weakest result since January 2025 but still a robust reading linked to tech facility investment. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 12.1 billion surplus in June (May 2025: USD 12.6 billion surplus; June 2024: USD 4.7 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 100.2 billion surplus in June, compared to the USD 92.9 billion surplus in May.
Panelist insight: On the data and outlook, Nomura analysts said: “Although frontloading demand partly contributed to strong export growth following the US tariff threat, we believe the AI investment cycle is a key structural driver of solid export growth, which can partly offset adverse tariff-led shocks. That said, ahead of the 1 August tariff negotiation deadline, the mounting trade surplus with the US may lead to a hawkish tariff deal including conditions to import more from the US.”
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.
Latest Global Trade News
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