List of Taiwan’s Top Trading Partners

by Eurasiain · Published December 24, 2024 · Updated March 3, 2025

Taiwan’s top trading partners in 2023 include China, the United States, Japan, Hong Kong, Singapore, South Korea, Malaysia, and Vietnam.

Strategically located along East Asia, Taiwan shipped $432.3 billion worth of goods around the globe in 2023.

Taiwan borders China, Japan, and the Philippines by sea.

In addition, in 2023, Taiwan was the

From a continental perspective, 68% of Taiwanese’s goods exported went to fellow Asian countries and 20% to North America.

Furthermore, It shipped another 10% of its exports to its key trading partners in Europe.

The following export product groups represent the highest dollar value in Taiwanese global exports in 2023.

Electrical machinery, equipment ($222.9 billion): Taiwan is a leading manufacturer and exporter of semiconductors, smartphones, computers, and automotive electronics.
Machinery including computers ($77.6 billion): Exports industrial machinery, machine tools, and equipment used in manufacturing processes.
Plastics ($17.6 billion): Taiwan produces and exports various plastic and rubber products, such as packaging materials, components for automotive and electronics industries, and consumer goods.
Mineral fuels including oil ($13.2 billion): Taiwan is a significant producer and exporter of petrochemicals, which are used in various industries such as plastics, pharmaceuticals, and textiles.
Optical, technical, medical apparatus ($13 billion): Taiwan is a major supplier of optical lenses and equipment used in photography, video cameras, and other imaging technologies. Also, it exports advanced optical products like laser systems used in industrial and medical applications.

Information technology products, chemicals, iron & steel, petroleum refining, electronics, pharmaceutical products.

Below is a list of the Taiwan’s top trading partners. These countries imported the most Taiwanese shipments by dollar value in 2023.

China ($95.9 billion): The largest trading partner for Taiwan, especially in electronics and machinery.
United States ($76.5 billion): A major partner, particularly for semiconductors, machinery, and consumer electronics.
Hong Kong ($56.5 billion): A major partner, particularly for semiconductors and machinery.
Japan ($31.4 billion): A significant trade partner for machinery, chemicals, and electronics.
Singapore ($29.8 billion): Taiwan exports high-tech goods, machinery, and electronic components.
South Korea ($18.2 billion): A major market for semiconductors and electronic products.
Malaysia ($15.2 billion): Exports include electronics, machinery, and chemicals.
Netherlands ($12.9 billion): Focused on semiconductor exports.
Vietnam ($11.7 billion): Trade in electronics and textiles.
Thailand ($10.9 billion): Trade is focused on electronics, machinery, and petrochemicals.

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