Browse Data and Analysis

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.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

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.

In January 2017, hemp cultivation became legal pursuant to Italian law No. 242/2016 promoting hemp cultivation and its industrial uses, leading to a sector revival, with more than 800 farms cultivating 4,000 hectares (ha).

According to the latest data released by the National Association of the Canned Vegetables Industry (Anicav), Italy is the third largest processed tomato producer in the world (behind the United States and China), representing approximately 14.8 percent of the global production and 56.5 percent of Europe’s production, with revenue of nearly $5.4 billion in 2022.

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.

The Italian food-processing industry continues to be highly fragmented, characterized by growing consolidation of smaller companies.

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.