Taiwan Balança Comercial

Taiwan’s trade surplus widened to a record high of USD 22.58 billion in October, up from USD 7.06 billion a year earlier and above market expectations of USD 10.95 billion. Exports surged 49.7% year-on-year to USD 61.8 billion, led by robust shipments of information, communication, and audio-video products (+138.2%) and electronic parts (+27.7%). Exports to major trading partners rose sharply, including the US (+144.3%), ASEAN (+40.0%), Europe (+26.2%), Japan (+19.8%), and China and Hong Kong (+3.2%). Imports increased 14.6% to USD 39.22 billion, driven by higher purchases of electronic parts (+22.4%), information and audio-video products (+90.0%), and machinery (+17.1%), partly offset by a decline in mineral products (-12.0%). Import growth was strongest from ASEAN (+21.8%), the US (+17.7%), and Korea (+12.1%), while shipments from Europe slipped 8.1%. From January to October, trade surplus totaled USD 121.82 billion, with exports up 31.8% and imports rising 21.3% year-on-year.