Importing from Taiwan

Taiwan Import Guide | Trade Finance Global

Importing from Taiwan

Taiwan ranks as the fifth largest economy in Asia and is the nineteenth in the world when measured on the basis of purchasing power parity. It ranks as eighteenth in the world by gross domestic product (GDP) at purchasing power parity per capita, and twenty-fourth in nominal GDP of investment and foreign trade by the Republic of China (ROC) government, sometimes called Taiwan. Many of the large government-owned banks and industrial firms have been privatized.

There is a severe lack of natural resources in Taiwan, so they are dependant on imports. They import mainly machinery and electrical equipment (35% of total), mineral products (around 17%), chemicals (around 11%) and basic metals (around 7%). The countries that are traded with most regularly in terms of export are Mainland China and Hong Kong (around 20% of total), Japan (around 17%), ASEAN countries (around 12%), USA (around 11%) and Europe (12%).

Imports in Taiwan have decreased to around 580000 TWD Million in December from over 620000 TWD Million in November of 2015. Imports in Taiwan averaged 320000 TWD Million from 1981 until 2015, reaching an all time high of 782000 TWD Million at the start of 2014 and a record low of around 48000 TWD Million in February of 1983.

Importing from Taiwan? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 40.6030 TWD
=
40.6030 TWD
Taiwan New Dollar
1.00 TWD = 0.02462 GBP

Country Profile

Capital Taipei
Population 23,519,518
Area 36,193  km2 (136th)
13,974 sq mi
Currency New Taiwan dollar (TWD)
GDP $588.334 billion
LanguagesMandarin

Taiwan: Exports Profile

Exports from Taiwan

Exports from Taiwan: $318 billion
Export commodities:Electronics, flat panels, ships, petrochemicals, machinery, metals, textiles, plastics and chemicals (2014)
Top export destinations:China 27.1%, Hong Kong 13.2%, United States 10.3%, Japan 6.4%, Singapore 4.4% (2012 est.)
GDP growth (annual %)

Importing from Taiwan? Contact our local experts

Country Profile

Capital Taipei
Population 23,519,518
Area 36,193  km2 (136th)
13,974 sq mi
Currency New Taiwan dollar (TWD)
GDP $588.334 billion
LanguagesMandarin
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