Taiwan
U.S. Trade with Taiwan in 2023
Export Market Rank
#8 Among U.S. Agricultural Export Markets
Total Export Value
$3.69 Billion
3-Year Average
$3.94 Billion
Compound Average Growth
0.51% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Taiwan in 2023
Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
---|---|---|---|---|
Beef & Beef Products | $624.81 Million | 60,227 | $509.12 Million | 112% |
Soybeans | $622.07 Million | 1.07 Million | $705.18 Million | -14% |
Wheat | $364.92 Million | 1.04 Million | $310.6 Million | 5% |
Poultry Meat & Prods. (excl. eggs) | $354.72 Million | 273,145 | $198.82 Million | 148% |
Corn | $251.17 Million | 865,918 | $354.31 Million | -36% |
Fresh Fruit | $225.39 Million | 104,283 | $211.4 Million | 6% |
Food Preparations | $168.93 Million | 9,896 | $154.76 Million | 20% |
Dairy Products | $116.32 Million | 21,053 | $102.57 Million | 47% |
Non-Alcoholic Bev. (excl. juices) | $88.49 Million | 29,262 | $76.43 Million | 58% |
Processed Vegetables | $86.45 Million | 47,270 | $73.99 Million | 30% |
Data and Analysis
Typhoon Gaemi swept through Taiwan July 24-25, 2024, causing widespread flooding and damage to agriculture particularly in Southern part of Taiwan. The estimated loss - in crop, livestock and fish production - exceeds $86 million.
Taiwan is a mature market for U.S. fruits. Among stone fruits, Taiwan produces peaches domestically but does not produce nectarines or cherries. Fruit consumption in Taiwan remains consistent, with stable demand for cherries.
Taiwan issued a new WTO notification (G/TBT/N/TPKM/541) on June 7, 2024, amending the labeling regulations for liquid milk, which will mainly impact the nomenclature of liquid milk from the United States. Currently, liquid milk from the United States can be labeled as "fresh milk" if it complies with CNS regulation.
News and Features
Private exporters reported the following sales activity: 110,000 MT of corn for delivery to Taiwan during MY 2023/2024 and 126,000 MT of soybean cake and meal for delivery to unknown destinations - 30,000 MT during MY 2023/2024 and 96,000 MT during MY 2024/2025.
As fall approaches, September celebrates the most-consumed meat in the United States: chicken. Two-thirds of U.S. chicken are raised in Alabama, Arkansas, Georgia, Mississippi, North Carolina, and Texas. And did you know that U.S. chicken meat is also a top agricultural export for our nation?
May is World Trade Month, and USDA's Foreign Agricultural Service is marking the occasion by sharing some of the most recent facts and figures about U.S. agricultural trade.