Top Export Trading Partners of Taiwan - Volza

Taiwan's primary export trading partners in 2023 are crucial for its economic activity. Top partners included China (30% of exports, $150 billion), United States (15%, $75 billion), Hong Kong (12%, $60 billion), Japan (10%, $50 billion), and Singapore (8%, $40 billion).

Key exports to these countries include semiconductors, electronics, machinery, petrochemicals, and optical instruments. Trade agreements such as the Economic Cooperation Framework Agreement (ECFA) with China and various bilateral agreements with other countries facilitate smoother trade flows.

Taiwan's GDP growth rate stands at 2.9%, with an inflation rate of 1.5%, influencing its export dynamics. Strategic incentives, government support, and its advanced logistics infrastructure promote a robust trade relationship, making Taiwan a crucial export market for these partners. The country's focus on high-tech products and its strategic geographical location significantly influence its export dynamics.