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Taiwan

Taiwan FlagU.S.-Taiwan Trade Facts

U.S. goods and services trade with Taiwan totaled an estimated $84.9 billion in 2016. Exports were $37.9 billion; imports were $47.0 billion. The U.S. goods and services trade deficit with Taiwan was $9.1 billion in 2016.

Taiwan is currently our 10th largest goods trading partner with $65.4 billion in total (two way) goods trade during 2016. Goods exports totaled $26.0 billion; goods imports totaled $39.3 billion. The U.S. goods trade deficit with Taiwan was $13.3 billion in 2016.

Trade in services with Taiwan (exports and imports) totaled an estimated $19.6 billion in 2016. Services exports were $11.9 billion; services imports were $7.7 billion. The U.S. services trade surplus with Taiwan was $4.2 billion in 2016.

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 2016.
     
  • U.S. goods exports to Taiwan in 2016 were $26.0 billion, up 0.7% ($185 million) from 2015 and up 14.7% from 2006.  U.S. exports to Taiwan account for 1.8% of overall U.S. exports in 2015.
     
  • The top export categories (2-digit HS) in 2016 were: machinery ($5.4 billion), electrical machinery ($5.2 billion), aircraft ($3.2 billion), optical and medical instruments ($1.8 billion), and organic chemicals ($812 million).
     
  • U.S. exports of agricultural products to Taiwan totaled $3.3 billion in 2016, our 7th largest agricultural export market. Leading domestic export categories include: soybeans ($586 million), corn ($462 million), beef & beef products ($363 million), wheat ($256 million), and fresh fruit ($221 million).
     
  • U.S. exports of services to Taiwan were an estimated $11.9 billion in 2016, 3.6% ($449 million) less than 2015, but 84.4% greater than 2006 levels.  Leading services exports from the U.S. to Taiwan, in 2015, were in the intellectual property (audio visual and related products, movies and televison programming), travel, and transport sectors.

Imports

  • Taiwan was the United States' 13th largest supplier of goods imports in 2016.
     
  • U.S. goods imports from Taiwan totaled $39.3 billion in 2016, down 3.9% ($1.6 billion) from 2015, but up 2.9% from 2006. 
     
  • The top import categories (2-digit HS) in 2016 were: electrical machinery ($14 billion), machinery ($6.8 billion), vehicles ($2.5 billion), iron and steel products ($2.2 billion), and plastics ($1.8 billion).
     
  • U.S. total imports of agricultural products from Taiwan totaled $335 million in 2016. Leading categories include: nursery products ($61 million), snack foods ($44 million), processed fruit & vegetables ($39 million), other vegetable oils ($15 million), and tea, incl herb ($15 million).
     
  • U.S. imports of services from Taiwan were an estimated $7.7 billion in 2016, 0.7% ($51 million) more than 2015, and 13.3% greater than 2006 levels.  Leading services imports from Taiwan to the U.S., in 2015, were in the transport, travel, and research and development sectors.

Trade Balance

  • The U.S. goods trade deficit with Taiwan was $13.3 billion in 2016, a 11.8% decrease ($1.8 billion) over 2015.
     
  • The United States has a services trade surplus of an estimated $4.2 billion with Taiwan in 2016, down 10.7% from 2015.

Investment

  • U.S. foreign direct investment (FDI) in Taiwan (stock) was $15.0 billion in 2015 (latest data available), a 1.5% increase from 2014. U.S. direct investment in Taiwan is led by manufacturing, wholesale trade, and depository institutions.
     
  • Taiwan's FDI in the United States (stock) was $7.0 billion in 2015 (latest data available), up 14.1% from 2014. 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 $7.9 billion in 2014 (latest data available), while sales of services in the United States by majority Taiwan-owned firms were $2.0 billion.