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Taiwan imports most of its energy needs. The United States is Taiwan's third largest trading partner, taking 11.4% of Taiwanese exports and supplying 10.0% of its imports. [58] [59] Mainland China has recently become Taiwan's largest import and export partner. In 2010, the mainland accounted for 28.0% of Taiwan's exports and 13.2% of imports.
Country Imports (millions of $) . Year United States 3,375,948 2022 European Union [n 1] 2,743,745 [3]: 2022 China 2,706,601 2022 Germany 1,571,057 2022 Japan 898,099 ...
The largest import and export merchandise trade partners for most countries of the world are listed below. Details for the European Union, Hong Kong and Macau are also included. In most cases the data relates to 2021 rankings. Data was extracted from the World Trade Organization's Trade Profile Database. [1] [2]
Whether it's tapioca balls or computer chips, Taiwan is stretching toward the United States and away from China — the world's No. 2 economy that threatens to take the democratically ruled island ...
In 1940, Taiwan produced more than 50 times its fair share of rice in terms of total proportion and 3.3 times its share in the total world population at that time. Taiwan was a formidable agricultural exporting economy exporting a myriad of crops in large quantities. [92]
Meanwhile, the island’s investments in mainland China have fallen to the lowest level in more than 20 years, dropping nearly 40% to $3 billion last year from a year earlier, according to Taiwan’s Ministry of Economic Affairs. Yet, Taiwan’s investments in the U.S. surged ninefold to $9.6 billion in 2023.
China blocks imports of citrus and fish from Taiwan in response to Nancy Pelosi's visit but avoids disrupting important technology purchases.
Taiwan's government threatened to take Beijing to the World Trade Organization on Saturday after China suspended the import of grouper fish from the island saying it had detected banned chemicals ...