Taiwan recorded exports totaling US$37.95 billion for July 2021, the highest-ever monthly level with growths of 3.5% sequentially and 34.7% on year, while the month's imports reached US$32.05 billion, the second highest-ever figure, with increases of 1.7% sequentially and 41.0% on year, according to the Ministry of Finance (MOF).
Among the Taiwan-made products, electronic components had the largest exports at US$14.671 billion in July, increasing 1.1% on month and 33.6% on year, with ICs taking up 90.1% of the value.
Exports of US$244.87 billion and imports of US$207.14 billion for January-July 2021 increased 31.5% and 30.4% respectively on year.
MOF: Taiwan's main export markets, July 2021 (US$m) | ||||||
Export market | Jul 2021 | Jan-Jul 2021 | ||||
Export value | Proportion of total | Trade balance | Export value | Proportion of total | Trade balance | |
China plus HK | 15,577 | 41.0% | 8,686 | 104,206 | 42.6% | 58,030 |
Six ASEAN countries | 6,182 | 16.3% | 2,087 | 39,694 | 16.2% | 13,956 |
US | 5,575 | 14.7% | 2,178 | 35,030 | 14.3% | 12,848 |
Europe | 3,631 | 9.6% | (124) | 20,882 | 8.5% | (4,605) |
Japan | 2,596 | 6.8% | (2,029) | 16,127 | 6.6% | (15,262) |
Source: MOF, compiled by Digitimes, August 2021
