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Taiwan

U.S.-Taiwan Trade Facts

U.S. goods and services trade with Taiwan totaled an estimated $86.2 billion in 2017. Exports were $35.6 billion; imports were $50.5 billion. The U.S. goods and services trade deficit with Taiwan was $14.9 billion in 2017.

Taiwan is currently our 11th largest goods trading partner with $68.2 billion in total (two way) goods trade during 2017. Goods exports totaled $25.7 billion; goods imports totaled $42.5 billion. The U.S. goods trade deficit with Taiwan was $16.7 billion in 2017.

Trade in services with Taiwan (exports and imports) totaled an estimated $18.0 billion in 2017. Services exports were $9.9 billion; services imports were $8.1 billion. The U.S. services trade surplus with Taiwan was $1.8 billion in 2017.

According to the Department of Commerce, U.S. exports of goods and services to Taiwan supported an estimated 208 thousand jobs in 2015 (latest data available) (130 thousand supported by goods exports and 79 thousand supported by services exports).

Exports

  • Taiwan was the United States' 14th largest goods export market in 2017.

  • U.S. goods exports to Taiwan in 2017 were $25.7 billion, down 1.2% ($305 million) from 2016 and down 0.4% from 2007.  U.S. exports to Taiwan account for 1.7% of overall U.S. exports in 2017.

  • The top export categories (2-digit HS) in 2017 were: machinery ($5.0 billion), electrical machinery ($4.9 billion), aircraft ($2.9 billion), optical and medical instruments ($1.8 billion), and organic chemicals ($863 million).

  • U.S. total exports of agricultural products to Taiwan totaled $3.3 billion in 2017. Leading domestic export categories include: soybeans ($586 million), beef & beef products ($409 million), corn ($395 million), wheat ($296 million), and fresh fruit ($217 million).

  • U.S. exports of services to Taiwan were an estimated $9.9 billion in 2017, 15.2% ($1.8 billion) less than 2016, but 59.1% greater than 2007 levels. Leading services exports from the U.S. to Taiwan were in the intellectual property (industrial processes), travel, and transport sectors.

Imports

  • Taiwan was the United States' 13th largest supplier of goods imports in 2017.

  • U.S. goods imports from Taiwan totaled $42.5 billion in 2017, up 8.2% ($3.2 billion) from 2016, and up 10.9% from 2007.  U.S. imports from Taiwan account for 1.8% of overall U.S. imports in 2017.

  • The top import categories (2-digit HS) in 2017 were: electrical machinery ($14 billion), machinery ($8.2 billion), iron and steel products ($2.6 billion), vehicles ($2.6 billion), and plastics ($2.0 billion).

  • U.S. total imports of agricultural products from Taiwan totaled $366 million in 2017. Leading categories include: nursery products ($65 million), snack foods ($43 million), processed fruit & vegetables ($42 million), other vegetable oils ($15 million), and tea, including herb ($15 million).

  • U.S. imports of services from Taiwan were an estimated $8.1 billion in 2017, 4.3% ($335 million) more than 2016, and 10.5% greater than 2007 levels. Leading services imports from Taiwan to the U.S. were in the transport, travel, and research and development sectors.

Trade Balance

  • The U.S. goods trade deficit with Taiwan was $16.7 billion in 2017, a 26.7% increase ($3.5 billion) over 2016.

  • The United States has a services trade surplus of an estimated $1.8 billion with Taiwan in 2017, down 54.7% from 2016.

Investment

  • U.S. foreign direct investment (FDI) in Taiwan (stock) was $17.0 billion in 2017, a 6.9% increase from 2016. U.S. direct investment in Taiwan is led by manufacturing, wholesale trade, and finance and insurance.

  • Taiwan's FDI in the United States (stock) was $8.1 billion in 2017, up 6.4% from 2016. Taiwan's direct investment in the U.S. is led by manufacturing, depository institutions, and wholesale trade.

  • Sales of services in Taiwan by majority U.S.-owned affiliates were $7.6 billion in 2015 (latest data available), while sales of services in the United States by majority Taiwan-owned firms were $2.4 billion.