Taiwan recorded exports totaling US$35.89 billion in March 2021, the highest-ever monthly level with growths of 29.1% sequentially and 27.1% on year, while the imports reached US$32.23 billion, also a monthly record, growing 38.4% sequentially and 27.0% on year, according the Ministry of Finance (MOF).
Electronic components had the largest exports at US$13.452 billion in March, increasing 25.3% seqiuentially and 24.5% on year, with ICs taking up 90.3% of the segment's value.
Exports totaled US$97.21 billion in fourth-quarter 2020 with growth of 11.7% on year, while imports reached US$78.72 billion, rising 3.2% on year.
Exports in January-March 2021 reached US$97.94 billion and imports US$83.58 billion, up 24.6% and 21.1% respectively on year.
MOF: Taiwan's main export markets, March 2021 (US$m) | ||||||
Export market | Mar 2021 | Jan-Mar 2021 | ||||
Exports | Proportion of total | Trade balance | Exports | Proportion of total | Trade balance | |
China plus HK | 15,908 | 44.3% | 9,022 | 42,014 | 42.9% | 23,558 |
Six ASEAN countries | 5,759 | 16.0% | 1,649 | 16,013 | 16.3% | 5,579 |
US | 5,086 | 14.2% | 1,859 | 13,668 | 14.0% | 4,771 |
Europe | 2,970 | 8.3% | (1,213) | 8,145 | 8.3% | (2,288) |
Japan | 1,997 | 8.3% | (3,268) | 6,328 | 6.5% | (6,787) |
Source: MOF, compiled by Digitimes, April 2021