Share of Merchandise Imports at Current Purchasing Power Parities for Taiwan Province of China
CSHMCPTWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.45
Year-over-Year Change
-3.68%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic trend measures Taiwan's share of global merchandise imports adjusted for purchasing power differences. It provides insights into Taiwan's trade competitiveness and economic integration within the global market.
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
The share of merchandise imports at current purchasing power parities (PPPs) for Taiwan tracks the country's import volume relative to the world total, accounting for differences in price levels across economies. This metric offers analysts a nuanced view of Taiwan's trade position and purchasing power on the global stage.
Methodology
The data is calculated by the World Bank using exchange rates and price level ratios.
Historical Context
Policymakers and economists use this trend to assess Taiwan's trade dynamics and international economic influence.
Key Facts
- Taiwan's share of global merchandise imports was 1.7% in 2021.
- The trend has fluctuated between 1.5-2.2% over the past decade.
- Taiwan is a major global importer, ranking 18th worldwide by import volume.
FAQs
Q: What does this economic trend measure?
A: This trend measures Taiwan's share of total global merchandise imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Taiwan's trade competitiveness and economic integration within the global market, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price level ratios to adjust for purchasing power differences.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Taiwan's trade dynamics and international economic influence, informing decisions around trade, investment, and economic integration policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Taiwan Province of China (CSHMCPTWA156NRUG), retrieved from FRED.