This paper analyzes the long run relationship of the trade behavior between Taiwan and its trading partners, including APEC economies, Mainland China, Japan, Korea, and United States using import, export and trade balance data over the period 1989-2001. In empirical methodology, we employ the traditional Augmented Dicker-Fuller Test and the Perron method to test for a unit root without and with structural break. Both the ADF and Perron tests reveal that there is no mean reverting between Taiwan and Japan’s bilateral trade deficit, and between Taiwan and Korea’s trade deficit. These results suggest that any trade policies which decrease the Taiwan and Japan and Korea trade imbalance would get better results. Therefore, it still remains possible that bilateral trade would be more balanced if Taiwan government uses the better policy on industrial structure. Moreover, any shocks can only have a temporary effect on Taiwan and Mainland China bilateral trade surplus, Taiwan and Singapore bilateral trade surplus, and Taiwan and United States bilateral trade surplus. It is said that there is a tendency in the long run to return to its mean.