Taiwan recorded exports totaling US$29.00 billion in value in August 2019, the highest-ever for the month with growths of 2.8% sequentially and 2.6% on year. Imports in August totaled US$23.02 billion in value, slipping 6.5% sequentially and 2.7% on year, according to statistics released on September 9 by the Ministry of Finance (MOF).
Electronic components had the largest export value of US$10.483 billion in August, increasing 10.3% sequentially and 7.5% on year, with ICs taking up 89.4% of the segment's value.
Exports of NT$215.41 billion and imports of US$185.94 billion in total avlue for January-August decreased 2.3% and 1.1% respectively on year.
MOF: Taiwan's main export markets (US$m) | ||||||
Export market | Aug 2019 | Jan-Aug 2019 | ||||
Exports | Proportion of total | Trade balance | Exports | Proportion of total | Trade balance | |
China plus HK | 11,850 | 40.9% | 7,218 | 84,193 | 39.1% | 46,800 |
Six ASEAN countries | 4,768 | 16.4% | 1,969 | 35,643 | 16.5% | 13,278 |
US | 4,084 | 14.1% | 1,250 | 30,201 | 14.0% | 6,060 |
Europe | 2,595 | 8.9% | (205) | 20,108 | 9.3% | (2,841) |
Japan | 1,978 | 6.8% | (1,288) | 15,309 | 7.1% | (12,637) |
Source: MOF, compiled by Digitimes, September 2019
