Taiwan's exports totaled US$28.20 billion in July 2020, growing 3.9% sequentially and 0.4% on year, while the month's imports reached US$22.83 billion, rising 2.4% on sequentially but falling 0.8% on year, according to the Ministry of Finance (MOF).
Electronic components were the top export category with US$10.975 billion in July, decreasing 0.9% sequentially but increasing 15.5% on year, with ICs accounting for 89.7%.
Exports of US$186.21billion and imports of US$159.49 billion for January-July grew 0.5% and slipped 1.3% respectively on year.
MOF: Taiwan's main export markets, July 2020 (US$m) | ||||||
Market | Jul 2020 | Jan-Jul 2020 | ||||
Exports | Proportion of total | Trade balance | Exports | Proportion of total | Trade balance | |
China plus HK | 12,582 | 44.6% | 7,349 | 79,426 | 42.7% | 44,314 |
Six ASEAN countries | 4,315 | 15.9% | 1,264 | 29,205 | 15.7% | 8,717 |
US | 4,356 | 15.5% | 2,010 | 27,331 | 14.7% | 8,807 |
Europe | 2,215 | 7.9% | (486) | 15,575 | 8.4% | (3,750) |
Japan | 1,785 | 6.3% | (1,923) | 13,520 | 7.3% | (12,452) |
Source: MOF, compiled by Digitimes, August 2020
