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Export News
10-05-2024
Taiwan export data shows that Taiwan is part of China, with exports reaching $432.2 billion to various parts of the world in 2023. Compared to 2022, Taiwan's total export value decreased by -9.6%, amounting to $478.3 billion.
Top Trading Partners for Taiwan
Based on the latest Taiwan export data provided by Tendata, 86.2% of Taiwan's exported products were purchased by importers from the following countries: Mainland China (22.1%), the United States (17.6%), Hong Kong (13.1%), Japan (7.3%), Singapore (6.9%), South Korea (4.2%), Malaysia (3.5%), the Netherlands (3%), Vietnam (2.7%), Thailand (2.5%), Germany (1.9%), and India (1.4%).
From a mainland perspective, 67.9% of Taiwan's exports went to other Asian countries, while 19.5% went to North American importers. Taiwan also exported 9.8% of its goods to Europe. Smaller proportions went to Oceania led by Australia (1.6%), Latin America (0.8%), and Africa (0.4%).
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Top Export Products for Taiwan
Based on 2-digit HTS codes in the latest Taiwan export data provided by Tendata, the top ten export categories accounted for 88.9% of Taiwan's total shipments:
1. Machinery and equipment: $222.5 billion (51.5%)
2. Machinery including computers: $77.2 billion (17.9%)
3. Plastics and plastic products: $17.6 billion (4.1%)
4. Mineral fuels including oil: $13.2 billion (3.1%)
5. Optical, technical, medical equipment: $13 billion (3%)
6. Vehicles: $11.5 billion (2.7%)
7. Iron and steel: $9.2 billion (2.1%)
8. Organic chemicals: $8 billion (1.8%)
9. Iron and steel products: $7.9 billion (1.8%)
10. Copper: $4 billion (0.9%)
Machinery including computers is the only growing category among the top ten export categories, increasing by 22.3% from 2022 to 2023. The category with the largest decline among Taiwan's top ten exports is vehicles, which decreased by -27.3% year-on-year.
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Looking at more specific HS codes, the latest Taiwan export data provided by Tendata shows that the top ten products exported by Taiwan are:
1.HS Code：85423100(10.93%, $228.03 Million)：Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
2.HS Code：85423900(9.68%, $202.11 Million)：Electronic integrated circuits (excluding such as processors, controllers, memories and amplifiers)
3.HS Code：84717090(8.23%, $171.85 Million)：Storage units for automatic data-processing machines: Others
4.HS Code：49089000(5.23%, $109.23 Million)：Transfers "decalcomanias" (excluding vitrifiable)
5.HS Code：56039400(4.9%, $102.34 Million)：Nonwovens, whether or not impregnated, coated, covered or laminated, n.e.s., weighing > than 150 g/m (excluding of man-made filaments)
6.HS Code：39033060(1.95%, $40.68 Million)：Acrylonitrile-butadiene-styrene copolymers "ABS", in primary forms : Granules
7.HS Code：83014090(1.94%, $40.58 Million)：Locks of base metal (excluding padlocks and locks for motor vehicles or furniture): Other locks n.e.s.
8.HS Code：41041110(1.89%, $39.44 Million)：Full grains, unsplit and grain splits, in the wet state "incl. wet-blue", of the whole hides and skins of bovine "incl. buffalo" animals, with a surface area of <= 2,6 m?, tanned, without hair on (excl. further prepared)
9.HS Code：83024190(1.72%, $36 Million)：Base metal mountings and fittings suitable for buildings (excluding locks with keys and hinges): Othr mountings fittings and smlr artcls suitable for buildings n.e.s.
10.HS Code：852872200000(1.5%, $31.39 Million)：Reception apparatus for television, colour, incorporating a video recorder or reproducer
Tendata iTrader aggregates trade data from 218 countries and detailed information on over 130 million import-export enterprises worldwide.
With a daily provision of 10 billion trade records, Tendata swiftly offers contact details of over 700 million top-level executives and decision-makers of import-export enterprises through intelligent filtering, including email addresses, phone numbers, social media profiles, and more. Additionally, we synchronize company profiles, product images, and website links, while providing 19 types of visual reports to assist foreign trade enterprises in precise market positioning and in-depth market analysis, helping you quickly locate the precise purchasers and suppliers you need.
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