Taiwan recorded exports totaling US$42.08 billion in May 2022, the second highest monthly level with growth of 1.5% sequentially and12.5% on year, while the corresponding imports of US$39.68 billion hit a record high with increases 8.5% sequentially and 26.7% on year, according to the Ministry of Finance (MOF).
Electronic components had the largest export value of US$16.705 billion in May, slipping 2.9% sequentially but growing 25.9% on year, with ICs taking up 91.6% of the value.
The total export value of US$204.48 billion and import value of US$181.41 billion for January-May rose 20.1% and 26.0% respectively on year.
MOF: Taiwan's main export markets (US$m) | ||||||
Export market | May 2022 | Jan-May 2022 | ||||
Export value | Proportion of total | Trade balance | Export value | Proportion of total | Trade balance | |
China plus HK | 15,808 | 37.6% | 7,499 | 81,630 | 39.9% | 44,273 |
Six ASEAN countries | 7,336 | 17.4% | 2,685 | 34,190 | 16.7% | 11,860 |
US | 6,281 | 14.9% | 2,055 | 31,221 | 15.3% | 12,373 |
Europe | 3,599 | 8.6% | (1,061) | 17,359 | 8.5% | (3,735) |
Japan | 2,850 | 6.8% | (1,682) | 13,446 | 6.6% | (10,369) |
Source: MOF, compiled by DIGITIMES, June 2022
