Taiwan Balança Comercial

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%.