External Trade: Volume of Imports of Goods and Services for Taiwan Province of China
TWNTMRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.99
Year-over-Year Change
-149.39%
Date Range
1/1/2016 - 1/1/2024
Summary
The External Trade: Volume of Imports of Goods and Services for Taiwan Province of China measures the total volume of imported goods and services in Taiwan. This is an important economic indicator for assessing Taiwan's trade balance and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the inflation-adjusted volume of goods and services imported into Taiwan. It is a key component of Taiwan's GDP and provides insight into the country's trade flows, domestic demand, and economic integration with global markets.
Methodology
The data is collected by Taiwan's Directorate-General of Budget, Accounting and Statistics through surveys of import activity.
Historical Context
Economists and policymakers monitor this import volume trend to evaluate Taiwan's trade position and assess the health of its external sector.
Key Facts
- Taiwan is a major global exporter of high-tech electronics and machinery.
- Import volumes are a key driver of Taiwan's GDP growth.
- Taiwan has historically run trade surpluses with major partners like the U.S. and China.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of goods and services imported into Taiwan, adjusted for inflation. It is a key component of Taiwan's GDP and trade balance.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Taiwan's import volumes provides insight into its trade position, domestic demand, and integration with global supply chains - all important factors for evaluating the health of Taiwan's economy.
Q: How is this data collected or calculated?
A: The data is collected by Taiwan's Directorate-General of Budget, Accounting and Statistics through surveys of import activity.
Q: How is this trend used in economic policy?
A: Economists and policymakers track this import volume trend to assess Taiwan's trade balance, competitiveness, and broader macroeconomic conditions, which informs trade and monetary policies.
Q: Are there update delays or limitations?
A: There may be some reporting lags, as the data is collected through surveys. The series also only covers Taiwan's imports, not its total trade flows.
Related Trends
Number of Identified Exporters to Taiwan from West Virginia
WVTWNA475SCEN
General government net lending/borrowing for Taiwan Province of China
GGNLBATWA188N
Number of Identified Exporters to Taiwan from Colorado
COTWNA475SCEN
Number of Identified Exporters to Taiwan from North Carolina
NCTWNA475SCEN
Net Issues of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Chinese Taipei
IDSAMRINITW
Value of Exports to Taiwan from Rhode Island
RITWNA052SCEN
Citation
U.S. Federal Reserve, External Trade: Volume of Imports of Goods and Services for Taiwan Province of China (TWNTMRPCPPPT), retrieved from FRED.