According to the statistics from General Directorate of Tariff in Taiwan, its volume of goods trade was USD227.85 billion from January to June in 2016, down 9.3% year-on-year (the same below). Exports fell by 10.3% to USD120.73 billion, and imports fell by 8.0% to USD107.12 billion. The trade surplus was USD13.61 billion, down 25.1%.
In June, Taiwan’s volume of goods trade fell by 4.4% to USD40.59 billion. Exports fell by 2.3% to USD21.22 billion and imports fell by 6.5% to USD19.38 billion. And the trade surplus grew by 86.2% to USD1.84 billion.
Since January to June, bilateral trade volume between Taiwan and the mainland China fell by 10.1% to USD50.74 billion. Taiwan’s exports to mainland fell by 14.1% to USD29.75 billion. It accounted for 24.6% of Taiwan’s overall export, down 1.1%. And Taiwan’s imports from mainland grew by 3.8% to USD20.99 billion. It accounted for 19.6% of Taiwan’s overall imports, up 0.9% over the previous year. Taiwan’s trade surplus with China fell by 31.7% to USD8.75 billion.
The mainland China was the largest export market of Taiwan and its largest source of imports up to June in 2016.