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U.S.-Taiwan Trade Facts
U.S. goods and private services trade with Taiwan totaled an estimated $82 billion in 2012 (latest data available). Exports totaled $36 billion; Imports totaled $46 billion. The U.S. goods and services trade deficit with Taiwan was $11 billion in 2012.
Taiwan is currently our 12th largest goods trading partner with $64 billion in total (two ways) goods trade during 2013. Goods exports totaled $26 billion; Goods imports totaled $38 billion. The U.S. goods trade deficit with Taiwan was $12 billion in 2013.
Trade in private services with Taiwan (exports and imports) totaled an estimated $19 billion in 2012 (latest data available). Services exports were $11 billion; Services imports were $7 billion. The U.S. services trade surplus with Taiwan was $4 billion in 2012.
Taiwan was the United States' 16th largest goods export market in 2013.
U.S. goods exports to Taiwan in 2013 were $25.6 billion, up 5.3% ($1.3 billion) from 2012, and up 47% from 2003. U.S. exports to Taiwan accounted for 1.6% of overall U.S. exports in 2013.
The top export categories (2-digit HS) in 2013 were: Machinery ($4.7 billion), Electrical Machinery ($4.0 billion), Aircraft ($1.8 billion), Optic and Medical Instruments ($1.6 billion), and Iron and Steel ($1.3 billion).
U.S. exports of agricultural products to Taiwan totaled $3.1 billion in 2013, the 7th largest U.S. Ag export market. Leading categories include: soybeans ($582 million), wheat ($365 million), beef and beef products ($254 million), fresh fruit ($205 million), corn ($180 million), and poultry meat ($165 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Taiwan were $11.3 billion in 2012 (latest data available), 7.4% ($784 million) more than 2011 and up 144% from 2002 level. Royalties and license fees (led by industrial processes) and other private services (business, professional and technical services) and education services categories accounted for most of U.S. services exports to Taiwan.
Taiwan was the United States' 12th largest supplier of goods imports in 2013.
U.S. goods imports from Taiwan totaled $37.9 billion in 2013, a 2.4% decrease ($926 million) from 2012, but up 20% from 2003. U.S. imports from Taiwan account for 1.7% of overall U.S. imports in 2013.
The five largest import categories in 2013 were: Electrical Machinery ($13.9 billion), Machinery ($6.6 billion), Vehicles ($2.4 billion), Iron and Steel Products (screws, bolts, nuts) ($2.3 billion), and Plastic ($1.7 billion).
U.S. imports of agricultural products from Taiwan totaled $319 million in 2013. Leading categories include: nursery products and cut flowers ($56 million), snack foods (including chocolate) ($47 million), and processed fruit and vegetables ($34 million).
U.S. imports of private commercial services* (i.e., excluding military and government) were an estimated $7.4 billion in 2012 (latest data available), up 12.7% ($835 million) from 2011, and up 49% from 2002 level. Other transportation (port services), passenger fares, and other private services (business, professional and technical services) categories accounted for most of U.S. services imports from Taiwan.
The U.S. goods trade deficit with Taiwan was $12.3 billion in 2013, a 15.3% decrease ($2.2 billion) from 2012. The U.S. goods deficit with Taiwan accounted for 1.8% of the overall goods trade deficit.
The United States had a private services trade surplus of $3.9 billion with Taiwan in 2012 (latest data available), down 1.3% from 2011.
U.S. foreign direct investment (FDI) in Taiwan (stock) was $16.5 billion in 2012 (latest data available), a 4.8% increase from 2011.
U.S. direct investment in Taiwan is mostly in the manufacturing, wholesale trade, and finance/insurance sectors.
Taiwan FDI in the United States (stock) was $5.5 billion in 2012 (latest data available), up 9.5% from 2011.
Taiwan direct investment in the U.S. is mostly in the manufacturing, banking, and wholesale trade sectors.
Sales of services in Taiwan by majority U.S.-owned affiliates were $7.0 billion in 2011 (latest data available), while sales of services in the United States by majority Taiwanese-owned firms were $3.4 billion.
*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.