Taiwan
U.S. Trade with Taiwan in 2023
Export Market Rank
#8 Among U.S. Agricultural Export Markets
Total Export Value
$3.69 Billion
3-Year Average
$3.94 Billion
Compound Average Growth
0.51% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Taiwan in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $624.81 Million | 60,227 | $509.12 Million | 112% |
| Soybeans | $622.07 Million | 1.07 Million | $705.18 Million | -14% |
| Wheat | $364.92 Million | 1.04 Million | $310.6 Million | 5% |
| Poultry Meat & Prods. (excl. eggs) | $354.72 Million | 273,145 | $198.82 Million | 148% |
| Corn | $251.17 Million | 865,918 | $354.31 Million | -36% |
| Fresh Fruit | $225.39 Million | 104,283 | $211.4 Million | 6% |
| Food Preparations | $168.93 Million | 9,896 | $154.76 Million | 20% |
| Dairy Products | $116.32 Million | 21,053 | $102.57 Million | 47% |
| Non-Alcoholic Bev. (excl. juices) | $88.49 Million | 29,262 | $76.43 Million | 58% |
| Processed Vegetables | $86.45 Million | 47,270 | $73.99 Million | 30% |
Data and Analysis
Taiwan’s soybean imports are forecast at 2.65 MMT for MY2023/2024 and MY2024/2025, a slight recovery from the previous MY. Weakness in feed demand due to animal diseases was one of the causes for lower soybean imports and reduced crush for MY 2022/2023.
In 2023, Taiwan imported US$3.7 billion agricultural products from the US, which accounted for 24.47 percent of the island’s total import value. Its food processing industry produced $30 billion of processed food and beverages, among which the strongest subsectors are animal feed, meat processing, baked goods, and non-alcoholic beverages.
In MY2024/2025, Taiwan’s wheat imports are forecast at 1.4 MMT. The United States is expected to recover market share from Australia due to better competitiveness and availability. MY2023/2024 and MY2024/2025 corn imports are forecast to recover to 4.55 MMT due to improved feed demand outlook, with restocking in both the hog and poultry sectors.
News and Features
Private exporters reported the following sales activity: 110,000 MT of corn for delivery to Taiwan during MY 2023/2024 and 126,000 MT of soybean cake and meal for delivery to unknown destinations - 30,000 MT during MY 2023/2024 and 96,000 MT during MY 2024/2025.
As fall approaches, September celebrates the most-consumed meat in the United States: chicken. Two-thirds of U.S. chicken are raised in Alabama, Arkansas, Georgia, Mississippi, North Carolina, and Texas. And did you know that U.S. chicken meat is also a top agricultural export for our nation?
May is World Trade Month, and USDA's Foreign Agricultural Service is marking the occasion by sharing some of the most recent facts and figures about U.S. agricultural trade.