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: Inflation rises in August
September 7, 2021
Consumer prices rose 0.59% from the previous month in August, accelerating from July's 0.21% increase.
-
Taiwan: Merchandise exports increase at a milder rate in August
September 7, 2021
Merchandise exports soared 26.9% over the same month last year in August, on the heels of July’s 34.7% jump.
-
Taiwan: Manufacturing PMI deteriorates in August
September 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) fell to 58.5 in August from July's 59.7.
-
Taiwan: Industrial output records lowest expansion since February in July
August 23, 2021
Industrial output grew 13.9% compared to the same month a year earlier in July, which was a deterioration from June's 18.0% increase.
-
Taiwan: Merchandise exports surge again in July
August 9, 2021
Merchandise exports soared 34.7% on an annual basis in July, on the heels of June’s 35.1% jump, amid further strong growth in electronics exports.
© Copyright: 2021. | Taiwan Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
