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Taiwan's trade surplus narrowed to USD 6.08 billion in December 2024 from USD 11.18 billion in the corresponding month of the previous year, below market expectations of USD 8.51 billion. Imports surged 30.4% year-on-year to USD 37.51 billion, primarily attributed to higher purchases of information, communication and audio-video products (71.1%), parts of electronic products (56.6%), and machinery (32.6%). Meanwhile, exports rose at a softer 9.2% from a year earlier to USD 43.59 billion, mainly due to increased sales of information, communication and audio-video products (16%), parts of electronic products (8.6%), and base metals and articles of base metals (3.4%). Considering the whole period of 2024, the country’s trade surplus was recorded at USD 80.61 billion, a 0.2% lower compared to the previous year, with exports rising 9.9% and imports increasing by 12.2%.