B2B payment practices trend, Taiwan 2023

付款習慣

  • 台灣
  • 電子/計算機技術,
  • 化學/制藥,
  • 自動化/交通

Amid a severe challenge to maintain cashflow there was an 85% increase in the number of Taiwan companies who took significantly longer to collect overdue payments.

The 2023 Payment Practices Barometer survey for Taiwan was conducted between the end of Q2 and the beginning of Q3 2023, and findings should therefore be viewed with this in mind.

Key takeaways from the report for Taiwan

Sharp focus on measures to mitigate liquidity risks

  • Late payments now affect 54% of all B2B invoices, but bad debts dropped slightly to 6% of B2B invoices. Disputes over invoices was cited as the main reason for late payments. Businesses in Taiwan also had a strong focus on Days-Sales-Outstanding (DSO), with a range of measures adopted to mitigate potential liquidity risks.
     
  • More time and resources were spent on chasing unpaid invoices as part of improved credit control procedures. Financial resilience was boosted by seeking bank loans and trade credit.

Widespread optimism despite downside risks on the horizon

  • A widespread mood of optimism was expressed about the year ahead by Taiwan businesses despite some concerns about the global economic landscape. 66% of companies polled said they anticipate increasing demand for their products and services, this positivity particularly evident in the chemicals sector. A more cautious feeling about future sales was found in the electronics/ICT sector, reflecting a softening of global demand in that area.
     
  • 61% of businesses surveyed in Taiwan also told us they expect profit margins to increase during the coming months. The chemicals sector was again particularly optimistic, probably due to demand for specialised chemical products and their effective cost management strategies.

The Atradius Payment Practices Barometer is an annual survey of business-to-business (B2B) payment practices in markets across the world. Its findings can give valuable insights into the current dynamics of corporate payment behaviour in B2B trade. It can also help companies doing business, or planning to do so, in the markets polled to identify emerging future trends in the payment practices of B2B customers. 

Interested in finding out more?

For a complete overview of the 2023 survey results for Taiwan, please download the full report available in the related documents section below. The Statistical Appendix to the regional report is also available for download in the section below.

All content on this page is subject to our Disclaimer, available here.

免責聲明

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.