Browse Data and Analysis

Retail food outlets in Taiwan are comprised of convenience stores, supermarkets, and hypermarkets, which generated $32.8 billion worth of sales in 2022, a 4.57 percent growth from 2021.

In 2022, the United States moved up to become the number one market for Taiwan’s agricultural and related exports. However, Taiwan’s exports to the United States, valued at $955 million, did not change substantially from the previous year.

With Taiwan’s Organic Agriculture Promotion Act in effect since 2019, the industry has been phasing in an expanded universe of organics. More clean label products and upcoming third-party certified quasi-organics are sharing shelf space with certified organics.

ATO Taipei, in partnership with twelve Taiwan craft beer breweries, delivered a successful craft beer festival that promoted ten U.S. ingredients through new-to-market, limited-edition craft beers.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

U.S. consumers are health-conscious budgeteers who are attracted to convenience, innovations, brand collaborations, and customization in their food and beverages.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2022/2023 and MY2023/2024. In MY 2021/2022, Taiwan imports of soybeans reached a record high of $1.74 billion. To stabilize commodity prices and reduce inflationary pressure for consumers, since February 2022 Taiwan has waived business taxes on imported soybeans, currently set to expire on June 30, 2023.

Taiwan’s domestic wheat production, 4,000 MT in MY2022/2023, is dwarfed by imports at 1.4 MMT for the current MY. Australia is expected to further recover wheat market share from the United States due to competitive pricing and production recovery.

In 2022, Taiwan imported record-high US$4.4 billion agricultural products from the US. Yet, due to COVID variants, the Russian invasion of Ukraine, labor shortage, and inflation issues, Taiwan's nominal Gross Domestic Product (GDP) decreased 0.17 percent at $774.7 billion.

Taiwan’s overall seafood imports reached US$2.1 billion in 2022, up 20 percent from 2021, with imports from the United States decreasing slightly to US$32 million.

In 2022, the total value of U.S. agricultural and related products exported to Taiwan reached a record $4.4 billion, an increase of 13 percent compared to the previous year. Taiwan successfully remains the 6th largest market for U.S. agricultural & related exports.

As the United States' sixth-largest export market for food and agricultural products, Taiwan imported almost US $4 billion of food and agricultural products from the US in 2021. This year, 2022, looks to exceed that mark, potentially hitting record imports.