Taiwan(China) Import Data

Taiwan(China) Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Taiwan(China) primarily trades with the United States, Japan, South Korea, Singapore, and Germany.

• Top 5 Imports: Semiconductors, crude oil, machinery, petrochemicals, and steel. These account for approximately 40% of the total imports.

• Top 5 Exports: Semiconductors, computer components, plastics, panel displays, and telecommunications equipment. These make up around 50% of total exports.

• Trade Surplus: Taiwan(China) maintains a significant trade surplus, primarily due to its strong exports in high-tech sectors.

• Policy Impact: Taiwan(China) follows a free trade policy but has been adjusting tariffs and subsidies to protect certain domestic industries.

Domestic Market

• Consumer Spending: Consumer spending is robust, supported by a stable economy and high employment rates.

• Inflation & Interest Rates: Inflation has been moderate, and the central bank has kept interest rates low to stimulate the economy.

• Supply Chain Resilience: Taiwan(China)'s supply chains have shown resilience, with strategic investments in R&D and manufacturing technology.

• Industry Performance: The semiconductor and high-tech industries are thriving, while traditional manufacturing sectors face challenges from global competition.

Overall Outlook

Taiwan(China)'s economy is well-positioned for growth, with a strong focus on high-tech exports and a stable domestic market. Challenges include navigating trade relations and managing inflation.