Taiwan’s exports grew Overseas shipments in December grew 23.4% from a year earlier to $40.7 billion, according to a statement from Taiwan’s Ministry of Finance. Exports in 2021 were a record $446.5 billion, more than $100 billion higher than in 2020. Imports gained 28.1% in December, with the trade surplus widening to $5.8 billion
In Dec. 2021, compared with the same month of the previous year, exports of parts of electronic product, information, communication and audio-video products, base metals and articles of base metal, plastics &rubber, and articles thereof, machinery grew by 27.5%, 22.4%, 28.5%, 18.2%, and 12.2%, respectively.
Overseas shipments in December grew 23.4% from a year earlier to $40.7 billion, according to a statement from Taiwan’s Ministry of Finance. Exports in 2021 were a record $446.5 billion, more than $100 billion higher than in 2020. Imports gained 28.1% in December, with the trade surplus widening to $5.8 billion
- As per the data , in Dec. 2021, compared with the same month of the previous year, exports to Mainland China & Hong Kong, ASEAN, Japan, the U.S.A., and Europe grew by 16.2%, 23.8%, 35.8%, 29.0%, and 22.1%, respectively
- Electronic components and audio-visual products continued to be the main drivers of growth, with exports increasing 27.5% and 22.4% respectively in December
- China is still the number one export destination for goods from Taiwan
- For Dec. 2021, total exports expanded 23.4% year on year to US$ 40.72 billion; total imports rose by 28.1% from a year earlier to US$ 34.95 billion. The trade balance of this month was favorable, amounting to US$ 5.77 billion. In 2021, total exports expanded 29.4% and total imports rose by 33.2% compared with 2020. The trade balance of this year was favorable, amounting to US$ 65.28 billion.
If you have an interesting Article / Report/case study to share, please get in touch with us at editors@roymediative.com
