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United KingdomExporting 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%
NA
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.
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
0,04
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
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