Taiwan Balance of Trade

Last Release

Dec 31, 2024

Actual

6,075

Units In

USD Million

7,920

Frequency

Monthly

Next Release

Feb 07, 2025

Time to Release

27 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
11,490 Aug 2024	-847.44 Feb 2006	2,104.17 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 6.08 billion in December 2024 from USD 11.18 billion in the corresponding month of the previous year, below market expectations of USD 8.51 billion. Imports surged 30.4% year-on-year to USD 37.51 billion, primarily attributed to higher purchases of information, communication and audio-video products (71.1%), parts of electronic products (56.6%), and machinery (32.6%). Meanwhile, exports rose at a softer 9.2% from a year earlier to USD 43.59 billion, mainly due to increased sales of information, communication and audio-video products (16%), parts of electronic products (8.6%), and base metals and articles of base metals (3.4%). Considering the whole period of 2024, the country’s trade surplus was recorded at USD 80.61 billion, a 0.2% lower compared to the previous year, with exports rising 9.9% and imports increasing by 12.2%.