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Taiwan recorded a total export value of US$40.72 billion for December 2021, the historically second-highest monthly level, exceeded only by the US$ 41.58 billion recorded in the preceding month; this was an increase of 23.4% on year. The corresponding total import value of US$34.95 billion slipped 2.5% on month but grew 28.1% on year, according to the Ministry of Finance (MOF).
Among different categories of Taiwan-made products, electronic components had the largest export value of US$16.264 billion in December, increasing 2.1% on month and 27.5% on year. In particular, ICs took up 91.0% of the export value.
The total export value of US$122.42 billion for the fourth quarter of 2021 and that of US$446.45 billion for 2021 rose 26.0% and 29.4% respectively on year. The total import value of US$104.82 billion for the fourth quarter and that of US$381.17 billion for 2021 grew 32.9% and 33.2% respectively on year.
MOF: Taiwan's main export markets and export values (US$m) |
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Export market |
December 2021 |
2021 |
||||
Export value |
Proportion of total value |
Trade balance |
Export value |
Proportion of total value |
Trade balance |
|
China plus Hong Kong |
17,093 |
42.0% |
9,412 |
188,906 |
42.3% |
104,735 |
Six ASEAN countries together |
6,423 |
15.8% |
2,408 |
70,245 |
15.7% |
23,063 |
US |
5,830 |
14.3% |
2,139 |
65,697 |
14.7% |
26,618 |
Europe |
3,528 |
8.7% |
(1,151) |
38,493 |
8.6% |
(8,743) |
Japan |
2,754 |
6.8% |
(2,244) |
29,212 |
6.5% |
(26,934) |
Source: MOF, compiled by Digitimes, January 2022
By DIGITIMES