Trade Trend

In 2023, Taiwan CN's total export value is 432.23Billion USD, total import value is 351.63Billion USD, Surplus is 80.60Billion USD. In 2023，Taiwan CN's top export products are Electronic integrated circuits(166.52Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(38.68Billion USD), Machinery; parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.70 to 84.72(14.32Billion USD), top export destinations are China(95.67Billion USD), United States(76.22Billion USD), Hong Kong CN(56.48Billion USD). In 2023, Taiwan CN's top import products are Electronic integrated circuits(73.12Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(25.11Billion USD), Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter(19.64Billion USD), top import origins are China(70.17Billion USD), Japan(42.12Billion USD), United States(38.94Billion USD).

Comparing to 2022, Taiwan CN's total export value decreased -45.64Billion USD(-9.55%) in 2023, this could result from its export decreases of products such as Electronic integrated circuits(-16.98Billion USD or -9.25%), Machinery; parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.70 to 84.72(-5.04Billion USD or -26.04%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-4.06Billion USD or -24.32%) and export decreases to countries/economics such as China(-25.04Billion USD or -20.74%), Hong Kong CN(-8.08Billion USD or -12.52%), South Korea(-3.90Billion USD or -17.65%). Comparing to 2022, Taiwan CN's total import value decreased -74.32Billion USD(-17.45%) in 2023, this could result from its import decreases of products such as Electronic integrated circuits(-13.08Billion USD or -17.80%), Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter(-9.76Billion USD or -33.77%), Petroleum gases and other gaseous hydrocarbons(-6.70Billion USD or -32.91%), and its import decreases from countries/economies such as China(-13.51Billion USD or -16.14%), None(-9.98Billion USD or -98.85%), Japan(-9.13Billion USD or -17.81%).

Cumulated to first 7 months of 2024, Taiwan CN's total export value is 184.57Billion USD, total import value is 153.23Billion USD, and tradesurplus is 31.34Billion USD. Cumulated to first 7 months of 2024, Taiwan CN's top export products are Electronic integrated circuits(61.15Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(33.31Billion USD), Machinery; parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.70 to 84.72(5.44Billion USD), and top export destinations are United States(42.93Billion USD), China(37.88Billion USD), Hong Kong CN(19.32Billion USD). Cumulated to first 7 months of 2024, Taiwan CN's top import products are Electronic integrated circuits(61.15Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(33.31Billion USD), Machinery; parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.70 to 84.72(5.44Billion USD), and top import origins areChina(30.19Billion USD), United States(21.38Billion USD), Japan(17.31Billion USD).