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25-08-2023
Taiwan imported $436.6 billion worth of goods from suppliers around the world in 2022. This represents a 14% year-on-year increase from $383 billion in 2021.
Taiwan exported $477.8 billion worth of products to the world in 2022, up 6.8% from $447.6 billion in 2021.
73.9% of Taiwan's imports were supplied by exporters in China (19.2% of Taiwan's global total), Japan (12.5%), the US (10.5%), South Korea (7.8%), Australia (5.6%), Germany (3.2%), Malaysia (3.1%), Singapore (2.9%), Saudi Arabia (2.6%), Indonesia (2.6%), the Netherlands (2.3%) and Kuwait (1.6%).
The major products imported by Taiwan were electronic integrated circuits and microcomponents, machinery for manufacturing semiconductors, crude oil, the most spent on petroleum gas, and then coal, including solid fuels made from coal. These five major imports accounted for 44.2 percent of Taiwan's total spending on imported products.
Taiwan's fastest-growing valuable exports were electrical and optical circuit boards or panels (up 76.4 percent from 2021), processed petroleum (up 71.8 percent), electrical or electronic assembly machinery (up 42.6 percent), and gold (up 34.9 percent).
85.7% of Taiwan's exports were purchased by importers in China (25.3% of Taiwan's global total), the United States (15.7%), Hong Kong (13.5%), Japan (7%), Singapore (6.2%), South Korea (4.6%), Malaysia (3.6%), Vietnam (3%), the Netherlands (1.8%) and Germany (1.8%), Philippines (1.6%) and Thailand (also 1.6%).
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