Taiwan Balance of Trade

Last Release

Oct 31, 2024

Actual

6,870

Units In

USD Million

7,120

Frequency

Monthly

Next Release

Dec 09, 2024

Time to Release

29 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
11,490 Aug 2024	-847.44 Feb 2006	2,085.57 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 increased to USD 6.87 billion in October 2024 from USD 5.76 billion in the same month of the previous year, above market forecasts of USD 6.15 billion. Exports advanced by 8.4% year-on-year to USD 41.3 billion, mainly driven by higher sales of information, communication and audio-video products (28%), base metals and articles of base metals (6.2%), parts of electronic products (6.1%), and machinery (1.5%). Meanwhile, imports rose at a softer 6.5% from a year earlier to USD 34.4 billion, primarily attributed to increased purchases of information, communication and audio-video products (18.6%), parts of electronic products (14.9%), and machinery (13.6%). Considering January to October period, the country’s trade surplus was recorded at USD 66.45 billion, 11% higher compared to the corresponding period last year, with exports rising 10% and imports increasing by 9.8%.