Taiwan Balance of Trade

Last Release

Nov 30, 2024

Actual

7,920

Units In

USD Million

6,870

Frequency

Monthly

Next Release

Jan 09, 2025

Time to Release

29 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
11,490 Aug 2024	-847.44 Feb 2006	2,096.64 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 narrowed to USD 7.92 billion in November 2024 from USD 9.82 billion in the corresponding month of the previous year, although above market expectations of USD 7.44 billion. Imports surged 19.8% year-on-year to USD 33.16 billion, primarily attributed to higher purchases of parts of electronic products (32%), machinery (9.3%) and chemicals (1.8%). Meanwhile, exports rose at a slower 9.7% from a year earlier to USD 41.09 billion, mainly due to increased sales of parts of electronic product (14.6%), information, communication and audio-video products (11.7%) and plastics and rubber and articles thereof (9.1%). Considering January to November period, the country’s trade surplus was recorded at USD 74.37 billion, a 6.8% higher compared to the corresponding period last year, with exports rising 9.9% and imports increasing by 10.6%.