External Trade: Volume of Exports of Goods and Services for Taiwan Province of China
TWNTXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.64
Year-over-Year Change
-142.10%
Date Range
1/1/2016 - 1/1/2024
Summary
The External Trade: Volume of Exports of Goods and Services for Taiwan Province of China measures the total volume of exported goods and services from Taiwan. This metric is important for understanding Taiwan's international trade activity and economic integration.
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 total volume of exports of goods and services from Taiwan, including both merchandise exports and exported services. It provides insight into Taiwan's trade balance, global competitiveness, and participation in international supply chains.
Methodology
The data is collected and calculated by Taiwan's national statistical agency.
Historical Context
Economists and policymakers use this export volume metric to analyze Taiwan's trade performance and assess the island's economic health and global integration.
Key Facts
- Taiwan is one of the world's largest exporters of electronic products.
- Exports account for over 60% of Taiwan's GDP.
- Taiwan's top export markets are China, the U.S., and Hong Kong.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total volume of goods and services exported from Taiwan, providing insight into the island's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: The export volume metric is important for understanding Taiwan's trade balance, economic integration, and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Taiwan's national statistical agency.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this export volume metric to analyze Taiwan's trade performance and assess the island's economic health and global integration.
Q: Are there update delays or limitations?
A: The data is published regularly by Taiwan's national statistical agency, with typical update lags of a few months.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for Taiwan Province of China (TWNTXRPCPPPT), retrieved from FRED.