Taiwan - Trade Balance

Highlights
For the month of Nov. 2013, total exports unchanged for year on year to US$ 24.89
billion. However, total imports fell 0.5% from a year earlier to US$ 21.38 billion. The
trade balance of this month was favorable, amounting to US$ 3.51 billion.
Table 1 Trade Performance for Nov. 2013
Unit US$ million
Nov.
Jan.- Nov.
Annual
Annual
Amount
Amount
Change Rate

Exports
Imports
Trade Balance

24,888
21,379
3,509

Change Rate

0.0
-0.5
3.3

277,630
245,892
31,738

0.9
-1.1
19.3

Exports
In Nov. 2013, comparing with the same month of last year, exports of electronic
products, basic metals and articles thereof, plastics & rubber and articles thereof,
chemicals grew by 0.3%, 5.7%, 9.0% and 9.5% respectively, however exports of mineral
products declined 13.7%.
Table 2 Exports of Five Leading Export Commodities
Unit: US$ million;
Nov.
Jan. - Nov.
Amount As % of All Annual
Amount As % of All Annual
Exports

Electronic Products
Basic Metals and
Articles Thereof
Plastics & Rubber
and Articles
Thereof
Mineral Products
Chemicals

Change Rate

Exports

Change Rate

7,159
2,155

28.8
8.7

0.3
5.7

79,056
25,241

28.5
9.1

3.6
-2.2

2,042

8.2

9.0

22,613

8.1

2.2

1,840
1,800

7.4
7.2

-13.7
9.5

21,584
19,529

7.8
7.0

8.7
2.7

Imports
In Nov. 2013, comparing with the same month of last year, imports of mineral products
and electronic products declined 10.2% and 7.2% respectively, however imports of
chemicals, machineries, basic metals and articles thereof grew by 17.2%, 23.4%, 10.4%
separately.

Table 3 Imports of Five Leading Import Commodities

Unit US$ million%
Nov.
Jan. - Nov.
As % of
Annual
Amount As % of All Annual
Amount
Imports

Mineral Products
Crude Petroleum
Electronic
Products
Chemicals
Machineries
Basic Metals And
Articles Thereof

Change Rate

All Imports Change Rate

5,791
2,699
3,018

27.1
12.6
14.1

-10.2
-26.7
-7.2

66,951
30,313
37,335

27.2
12.3
15.2

-2.1
-8.2
-1.0

2,433
1,847
1,740

11.4
8.6
8.1

17.2
23.4
10.4

27,876
20,447
19,948

11.3
8.3
8.1

1.0
5.4
-6.7

Major Trading Partners

Exports
In Nov. 2013, comparing with the same month of last year, exports to Mainland China &
Hong Kong rose by 6.5%, however exports to ASEAN-6, Japan, U.S.A. and Europe
declined 9.3%, 7.6%, 0.7% and 1.6% separately.
Table 4 Exports to Key Trading Partners
Unit US$ million%
Nov.
Jan. - Nov.
As
%
of
All
Annual
As
% of All
Annual
Amount
Amount
Exports

Mainland China &

Hong Kong
ASEAN-6
Japan
U.S.A.
Europe

Change Rate

Exports

Change Rate

10,585

42.5

6.5

109,753

39.5

1.5

4,369
1,566
2,682
2,112

17.6
6.3
10.8
8.5

-9.3
-7.6
-0.7
-1.6

52,339
17,448
29,828
25,245

18.9
6.3
10.7
9.1

2.8
0.7
-1.5
-3.2

Imports
In Nov. 2013, comparing with the same month of last year, imports from Japan declined
2.5%, however imports from Mainland China & Hong Kong, ASEAN-6, U.S.A. and
Europe rose by 2.0%, 26.7%, 13.3% and 4.0% respectively.
Table 5 Imports from Key Trading Partners
Unit US$ million%
Nov.
Jan. - Nov.
Amount As % of All
Amount As % of All
Y/Y
Y/Y
Imports

Mainland China &

Hong Kong
ASEAN-6
Japan
U.S.A.
Europe

Imports

3,631

17.0

2.0

40,211

16.4

1.1

2,784
3,399
1,958
2,477

13.0
15.9
9.2
11.6

26.7
-2.5
13.3
4.0

29,720
39,197
22,986
26,817

12.1
15.9
9.3
10.9

2.2
-10.3
6.8
4.6