Taiwan's exports totaled US$33 billion in December 2020, the highest-ever monthly level with 3.16% on-month and 12.0% on-year growths, according to the Ministry of Finance (MOF).
Imports totaled US$27.24 billion, hitting a monthly record and rising 1.9% sequentially and 0.9% on year,
Of the Taiwan-made products, electronic components had the highest export value of US$12.755 billion in December, increasing 0.9% sequentially and 22.2% on year, with ICs taking up 89.8%.
Exports totaled US$97.21 billion for fourth-quarter 2020, the highest-ever quarterly level with growth of 11.7% on year, while imports reached US$78.72 billion in the quarter, rising 3.2% on year.
Exports of US$345.28 billion and imports of US$286.49 billion for 2020 rose 4.9% and 0.3% respectively on year, the former being the highest-ever annual level.
MOF: Taiwan's main export markets, 2020 (US$m) | ||||||
Export market | Dec 2020 | 2020 | ||||
Exports | Proportion of total | Trade balance | Exports | Proportion of total | Trade balance | |
China plus HK | 14,716 | 44.6% | 8,353 | 151,452 | 43.9% | 86,673 |
Six ASEAN countries | 5,186 | 15.7% | 1,966 | 53,239 | 15.4% | 17,337 |
US | 4,521 | 13.7% | 1,547 | 50,554 | 14.6% | 17,941 |
Europe | 2,891 | 8.8% | (1,169) | 28,171 | 8.2% | (8,662) |
Japan | 2,030 | 6.2% | (2,347) | 23,402 | 6.8% | (22,497) |
Source: MOF, compiled by Digitimes, January 2021
