Taiwan Balance of Trade

Last Release

Aug 31, 2024

Actual

11,493.4

Units In

USD Million

4,833.6

Frequency

Monthly

Next Release

Oct 08, 2024

Time to Release

27 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
11,493.4 Aug 2024	-847.44 Feb 2006	2,066.83 USD Million	1981-2024	N/A

Foreign trade has been the engine of Taiwan's rapid growth during the past 40 years. Main export products are electronics, base metals, information, communication and audio-video products, machinery and plastics & rubber. Taiwan imports mostly parts of electronic products, mineral products and base metals, machinery and chemicals. Main trading partners are Mainland China & Hong Kong, USA, Japan, Europe and ASEAN countries.

Latest Updates

Taiwan’s trade surplus rose to USD 11.49 billion in August 2024, the highest on record, broadly widening from USD 8.60 billion in the same month of the previous year and coming significantly more than market forecasts of USD 4.97 billion. Year-on-year, exports jumped 16.8% to USD 43.64 billion, mainly driven by higher sales for information, communication & audio-video products (71.3%). Meanwhile, imports advanced at a softer 11.8% to USD 32.14 billion, primarily due to increased purchases of information, communication & audio-video products (2.5%), and parts of electronic products (22.2%). Considering January to August, the country’s trade surplus was recorded at USD 52.45 billion, 19.5% higher compared to the corresponding period last year, with exports rising 10.9% and imports increasing by 9.3%.