Trade Balance in Taiwan
Taiwan - Trade Balance
Exports and imports slump in January, trade surplus widens
Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion. The reading reflected a drop in ICT products, machinery and base metal outflows, although a steady increase in electronics parts exports tempered the decline. Exports to the U.S. inched up in the first month of the year—following a marked increase over the course of 2019—likely linked to continued trade diversion from China. Additionally, export orders—which typically lead actual exports by two to three months—increased 0.9% in December, the latest month for which data is available, suggesting healthier trade momentum going forward.
Meanwhile, merchandise imports nosedived 17.7% year-on-year in January, reversing the 13.9% increase recorded in December. The decline was broad-based, with a fall in all sub-sectors except for machinery imports, which posted a modest increase.
As such, the trade surplus widened to USD 3.5 billion in January, up significantly from the USD 0.9 billion figure observed in January 2019, and higher than the USD 2.5 billion surplus recorded in the previous month. The 12-month trailing trade surplus increased to USD 46.1 billion in January from USD 43.5 billion in December.
Our panelists forecast that exports will expand 5.1% in 2020 and imports will rise 1.6%, bringing the trade surplus to USD 55.8 billion. In 2021, our panel expects exports will expand 2.2% and imports will rise 3.2%, pushing down the trade surplus to USD 54.3 billion.
Taiwan - Trade Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 38.2 | 48.1 | 49.8 | 58.0 | 49.6 |
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: Growth accelerates in Q4 2019
February 12, 2020
The economy expanded 3.3% in the fourth quarter compared to the same quarter a year earlier, according to a second GDP release.
-
Taiwan: Exports and imports slump in January, trade surplus widens
February 7, 2020
Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion.
-
Taiwan: Manufacturing PMI rises to 17-month high in January
February 3, 2020
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, climbed to 51.8 in January from 50.8 in December, thus moving further above the 50-threshold and signaling the fastest pace of improvement in operating conditions since August 2018. The improvement came amid stronger growth of both output and new work received by manufacturers, while export sales returned to expansionary territory for the first time in 17 months.
-
Taiwan: Industrial production soars in December
January 22, 2020
Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November. The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure.
-
Taiwan: Economic activity accelerates in Q4
January 21, 2020
The economy grew 3.4% in the final quarter of 2019 compared to the same period a year earlier, according to an advance GDP estimate, up from the third quarter’s 3.0% increase.
© Copyright: 2020 | Taiwan Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
