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Taiwan

Taiwan FlagU.S.-Taiwan Trade Facts

U.S. goods and services trade with Taiwan totaled an estimated $86.9 billion in 2015. Exports were $38.4 billion; imports were $48.5 billion. The U.S. goods and services trade deficit with Taiwan was $10.1 billion in 2015.

Taiwan is currently our 9th largest goods trading partner with $67 billion in total (two way) goods trade during 2015. Goods exports totaled $26 billion; goods imports totaled $41 billion. The U.S. goods trade deficit with Taiwan was $15 billion in 2015.

Trade in services with Taiwan (exports and imports) totaled an estimated $20.3 billion in 2015. Services exports were $12.5 billion; services imports were $7.8 billion. The U.S. services trade surplus with Taiwan was $4.7 billion in 2015.

According to the Department of Commerce, U.S. exports of Goods and Services to Taiwan supported an estimated 217 thousand jobs in 2014 (latest data available) (135 thousand supported by goods exports and nearly 82 thousand supported by services exports).

Exports

Taiwan was the United States' 14th largest goods export market in 2015.

U.S. goods exports to Taiwan in 2015 were $26 billion, down 2.8% ($741 million) from 2014 but up 20% from 2005.  U.S. exports to Taiwan account for 1.7% of overall U.S. exports in 2015.

The top export categories (2-digit HS) in 2015 were: machinery ($4.9 billion), electrical machinery ($4.5 billion), aircraft ($2.9 billion), optical and medical instruments ($1.8 billion), and arms and ammunition ($1.5 billion).

U.S. exports of agricultural products to Taiwan totaled $3.2 billion in 2015, our 7th largest agricultural export market. Leading categories include: soybeans ($581 million), corn ($350 million), beef & beef products ($319 million), wheat ($284 million), and fresh fruit ($196 million).

U.S. exports of services to Taiwan were an estimated $12.5 billion in 2015, 2.3% ($295 million) less than 2014, but 93.7% greater than 2005 levels.  Based on 2014, leading services exports from the U.S. to Taiwan were in the intellectual property (computer software), travel, and transportation sectors.

Imports

Taiwan was the United States' 11th largest supplier of goods imports in 2015.

U.S. goods imports from Taiwan totaled $41 billion in 2015, up 0.3% ($127 million) from 2014, and up 17% from 2005. 

The top import categories (2-digit HS) in 2015 were: electrical machinery ($14 billion), machinery ($6.7 billion), vehicles ($2.7 billion), iron and steel products ($2.5 billion), and plastics ($1.9 billion).

U.S. imports of agricultural products from Taiwan totaled $339 million in 2015. Leading categories include: nursery products ($64 million), snack foods ($40 million), processed fruit & vegetables ($35 million), other vegetable oils ($17 million), and tea, incl herb ($13 million).

U.S. imports of services from Taiwan were an estimated $7.8 billion in 2015, 4.7% ($349 million) more than 2014, and 23.7% greater than 2005 levels.  Based on 2014, leading services imports from Taiwan to the U.S. were in the transportation, travel, and professional and management services sectors.

Trade Balance

The U.S. goods trade deficit with Taiwan was $15 billion in 2015, a 6.2% increase ($868 million) over 2014.

The United States has a services trade surplus of an estimated $4.7 billion with Taiwan in 2015, down 12.1% from 2014.

Investment

U.S. foreign direct investment (FDI) in Taiwan (stock) was $17.1 billion in 2014 (latest data available), a 1.6% increase from 2013. U.S. direct investment in Taiwan is led by manufacturing, wholesale trade, and finance/insurance.

Taiwan's FDI in the United States (stock) was $5.7 billion in 2014 (latest data available), down 13.5% from 2013. 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 $7.2 billion in 2013 (latest data available), while sales of services in the United States by majority Taiwan-owned firms were $2.3 billion.