Narwhal API vs TEJ

Taiwan Economic Journal (TEJ) sells financial databases to banks, securities firms, companies and universities, and its TEJ API gives programmatic access to them. Narwhal is a developer API with prepaid credit and published prices, covering Taiwan company statements for about 1,980 listed companies.

At a glance

TEJ facts come from its API documentation, trial page, E Shop plan page and English site, read on 12 November 2026. The API documentation page is dated 7 May 2019, and the E Shop page does not state a currency. Narwhal API is owned and operated by Nusantara Ventures, LLC.

RequirementNarwhal APITEJ
CoverageTaiwan: about 1,980 companies, 2026 half-year reports onlyTaiwan, China, Hong Kong, Thailand, the Philippines, Malaysia, Singapore, Korea and Japan, in paid databases
Financial statementsStandardised statements by company idTables by database. A trial key reaches only the trial tables
Free tier$10 free every month at 50 a minute, commercial apps allowedA trial key after phone verification: 500 calls a day, 10,000 rows a call and 50,000 rows a day
Paid plansPrepaid credit, top-ups from $20. Company and filings data cost $10 per 1,000 callsAPI prices are not published, and buyers contact TEJ. The E Shop lists three monthly plans at 488, 888 and 8,880, with a three-month commitment and 5 years of history
Limits50 requests a minute on free credit, 500 on paid credit. No overage chargeAPI documentation dated 2019: 2,000 calls a day and 3,000,000 rows a day. E Shop plans: 1,000 calls a day and 100,000 to 1,000,000 rows a day
Who it is forDevelopers, with self-serve sign-up and prepaid creditBanks, securities firms, companies and universities
InterfacesREST and hosted MCP with 80 tools, one key for every Narwhal APIREST API with Python, R and .NET packages

Why teams switch

You want to start without a sales call

TEJ sells paid databases through its sales team and an E Shop. Narwhal sign-up is self-serve, and the free credit covers your first calls.

Your product spans several regions

Narwhal returns one schema for the US, Japan, Korea, Taiwan, the EU and the UK, with one key and one credit balance.

When they are the better pick

TEJ is the better pick for institutional Taiwan research. Its API documentation lists operating, financial and trading data for Taiwan, China, Hong Kong, Thailand, the Philippines, Malaysia, Singapore, Korea and Japan. TEJ also sells factor datasets, earnings call transcripts, and credit risk and ESG products, and says its credit review rules are cited by over 40 banks. Narwhal has only the 2026 half-year reports for Taiwan.

Questions

Is there a free TEJ API?

TEJ gives a trial key after phone verification. It allows 500 calls a day and only the trial tables. Narwhal gives every account $10 free every month on every Narwhal API.

How much does TEJ cost?

The API pages publish no price and send buyers to TEJ. The E Shop lists three monthly plans at 488, 888 and 8,880, each with 5 years of history, and does not state a currency. Narwhal charges $10 per 1,000 calls for company and filings data.

Does Narwhal replace TEJ?

Not for deep Taiwan history, factor data or credit risk products. Narwhal covers Taiwan statements for the 2026 half year, in the same schema as five other regions.

Reviewed:

Sources and review date