Taiwan recorded exports of US$40.14 billion for October 2021, hitting a record for fourth consecutive month with growth of 1.2% sequentially and 24.6% year-on-year, while the corresponding imports totaled US$34.02 billion, second highest-ever monthly figure which rose 2.4% sequentially and 37.2% year-on-year, according to the Ministry of Finance (MOF).
Electronic components had the largest export value of US$14.582 billion in October, decreasing 12.1% sequentially but increasing 12.4% year-on-year, with ICs taking up 89.7% of the value.
Exports of US$364.20 billion and imports of US$310.38 billion for January-October grew 37.2% and 33.3% respectively year-on-year.
MOF: Taiwan's main export markets, October 2021 (US$m) | ||||
Export market | Oct 2021 | Jan-Oct 2021 | ||
Export value | Proportion of total | Export value | Proportion of total | |
China plus HK | 16,218 | 40.4% | 154,676 | 42.5% |
Six ASEAN countries | 6,032 | 15.0% | 57,486 | 15.8% |
US | 6,227 | 15.5% | 53,259 | 14.6% |
Europe | 3,751 | 9.3% | 31,276 | 8.6% |
Japan | 2,652 | 6.6% | 23,892 | 6.6% |
Source: MOF, compiled by Digitimes, November 2021
