Exporting to Taiwan

Taiwan Export Guide | Trade Finance Global

Exporting to Taiwan

Taiwan is seen as a high-income economy and emerging financial market; it’s at the forefront of the world in producing high tech products. Levels of unemployment and inflation are low and the trade surplus is substantial; with foreign reserves are the world’s fourth largest. The contribution of agriculture to GDP is now down to less than 10% in the last over 50 years. Taiwan is an island and borders China, Philippines and Japan China by sea.

Taiwan Country Profile

Official Name (Local Language) Semi-Presidential Republic
Capital Taipei
Population 23,464,787
Currency Taiwan Dollar
GDP $519.1 billion
Languages Chinese (Mandarin)
Telephone Dial In 886

Taiwan Imports Profile

Imports ($m USD)

Number of Import Products

Number of Import Partners

Top 5 import partners

Country

Trade

%

Top 5 Import Products at HS 6 digit level

Export product

Number

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Taiwan

Agriculture

%

Product list

1.8%

Rice, vegetables, fruit, tea, flowers; pigs, poultry; fish

Industry

%

Industry list

35%

Electronics, communications and information technology products, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals

Services

%

Services list

63.2%

Importing from Taiwan: What is trade finance?

Taiwan is seen as a high-income economy and emerging financial market; it’s at the forefront of the world in producing high tech products. Levels of unemployment and inflation are low and the trade surplus is substantial; with foreign reserves are the world’s fourth largest. The contribution of agriculture to GDP is now down to less than 10% in the last over 50 years. Taiwan is an island and borders China, Philippines and Japan China by sea.

Trade is set to grow due to the agreement that was recently signed, the Economic Cooperation Framework Agreement with China.

Information

Exporting from Taiwan? Contact our local experts

Taiwan Economic Statistics

Government Website

https://www.taiwan.gov.tw/

Sovereign Ratings

https://countryeconomy.com/ratings/taiwan

Central Bank

Central Bank of the Republic of China

Currency USD Exchange Rate

32.85

Unemployment Rate

4%

Population below poverty line

1.5%

Inflation Rate

1.4%

Prime Lending Rate

1.38%

GDP

$519.1 billion

GDP Pro Capita (PPP)

$49,500

Currency Name

Taiwan Dollar

Currency Code

TWD

World Bank Classification

High Income

Competitive Industrial Performance

14/138

Corruption Perceptions Index

29/180

Ease of Doing Business

13/190

Enabling Trade Index

35/136

Currency in Taiwan

About the Author

Brian Canup is the Business Development Executive at Trade Finance Global (TFG).

Brian holds a BA in Political Science from the University of Wisconsin-Madison and an MA in International Political Economy from King’s College London.

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