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Taiwan sets new export, import records for 2021

Finance ministry reports record 29.4% export surge over past year

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Taiwan's exports and imports reached record levels in 2021. 

Taiwan's exports and imports reached record levels in 2021.  (CNA photo)

TAIPEI (Taiwan News) — During 2021, Taiwan’s exports and imports surged by 29.4% and 33.2%, respectively, year on year to record levels, the Ministry of Finance (MOF) said Friday (Jan. 7).

The total value of last year’s exports amounted to US$446.45 billion (NT$12.36 trillion), while imports reached a total value of US$381.17 billion, record levels for both, CNA reported. As a result, Taiwan’s trade surplus stood at US$65.28 billion, US$6.3 billion more than in 2020.

Looking at the figures for December 2021, the MOF said exports showed improvement for the 18th consecutive month. They rose 23.4% from December 2020 to reach US$40.72 billion amid a global recovery and rising demand for goods from Taiwan, particularly technology, higher raw material prices, and adjustments in global supply chains.