Taiwan
U.S. Trade with Taiwan in 2024
Export Market Rank
#8 Among U.S. Agricultural Export Markets
Total Export Value
$3.77 Billion
3-Year Average
$3.92 Billion
Compound Average Growth
1.8% (2015-2024)
Total Export Value 2015 - 2024
Export Value by Commodity 2024
Top 10 Exports to Taiwan in 2024
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $709.22 Million | 62,504 | $550.59 Million | 122% |
| Soybeans | $601.39 Million | 1.28 Million | $693.17 Million | 4% |
| Corn | $383.8 Million | 1.66 Million | $353.22 Million | 12% |
| Wheat | $324.97 Million | 1.09 Million | $308.25 Million | 15% |
| Fresh Fruit | $262.12 Million | 115,796 | $216.26 Million | 34% |
| Poultry Meat & Prods. (excl. eggs) | $261.94 Million | 210,073 | $210.72 Million | 61% |
| Food Preparations | $176.04 Million | 9,034 | $158.34 Million | 18% |
| Dairy Products | $107.59 Million | 19,892 | $105.4 Million | 49% |
| Processed Vegetables | $96.21 Million | 54,392 | $76.96 Million | 48% |
| Non-Alcoholic Bev. (excl. juices) | $92.32 Million | 3,987 | $80.06 Million | 13% |
Data and Analysis
In 2024, Taiwan's pet food market saw significant activity, with total imports reaching a record high of $276.8 million. Thailand continued to be the largest supplier of pet food to Taiwan, followed by the United States, South Korea, Canada, and Japan.
In MY2025/2026, Taiwan’s wheat imports are forecast at 1.38 MMT supported by Taiwan consumers’ preference for more diverse food offerings including wheat-based products and a vibrant baking industry.
Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.
News and Features
Private exporters reported the following sales activity for MY 2024/2025: 132,000 MT of soybeans for delivery to China and 135,000 MT of corn for delivery to Taiwan.
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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.