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How much of Taiwan’s trade passes through the Strait of Hormuz?

In 2024, an estimated $18.2 billion of Taiwan’s trade passed through the Strait of Hormuz, 6% of its seaborne trade. That is $2 billion of exports and $16.2 billion of imports. The partners with the most trade through it are Saudi Arabia, the United Arab Emirates and Qatar.

Summary

Estimated value
$18.2billion
Of its seaborne trade
6%
Exports
$2billion
Imports
$16.2billion

Trend

Estimated value per year

Taiwan’s estimated trade through the Strait of Hormuz fell 14% between 2019 and 2024

Value in USD billions

  • Taiwan 18.2

Source: CEPII BACI

Show the numbers
YearEstimated valueOf its seaborne trade
1995$335 million0.2%
1996$333 million0.2%
1997$1.4 billion1%
1998$1.3 billion1%
1999$2.1 billion1.6%
2000$5.8 billion3.7%
2001$6 billion4.4%
2002$6.3 billion4.4%
2003$9.4 billion5.8%
2004$11.9 billion5.9%
2005$15.3 billion6.9%
2006$19.9 billion8.1%
2007$22.9 billion8.6%
2008$32.7 billion10.7%
2009$18.8 billion8.5%
2010$27.1 billion9.3%
2011$31.4 billion9.3%
2012$34.3 billion9.8%
2013$35.8 billion10.2%
2014$12.6 billion4.4%
2015$21.7 billion8%
2016$17.8 billion7.1%
2017$19.4 billion6.9%
2018$23.4 billion7.6%
2019$21.3 billion7.4%
2020$20.8 billion7.8%
2021$30.6 billion8.4%
2022$37 billion9.4%
2023$19.8 billion6.5%
2024$18.2 billion6%

Partners whose trade crosses it

Estimated value of its trade with each partner that crosses the chokepoint; the percentage is the share of all its trade through the chokepoint, not of the pair’s trade.

  1. Taiwan–Saudi Arabia$5.4 billion · 29.9%
  2. Taiwan–United Arab Emirates$4.4 billion · 23.9%
  3. Taiwan–Qatar$4.2 billion · 23.2%
  4. Taiwan–Kuwait$3.5 billion · 19.3%
  5. Taiwan–Iraq$507 million · 2.8%
  6. Taiwan–Bahrain$122 million · 0.67%
  7. Taiwan–Iran$58 million · 0.32%

What crosses it

The products with the highest estimated value in 2024, with their share of the total through the chokepoint.

  1. Crude petroleum$11 billion · 60.3%
  2. Natural gas and LPG$3 billion · 16.2%
  3. Refined petroleum$1.2 billion · 6.7%
  4. Cars$502 million · 2.8%
  5. Unwrought aluminum$360 million · 2%
  6. Polyethylene$181 million · 1%
  7. Alcohols$144 million · 0.79%
  8. Auto parts$129 million · 0.71%
  9. Copper scrap$68 million · 0.37%
  10. Cyclic hydrocarbons$59 million · 0.32%

Reference ports

Kaohsiung (100%)

Each port with the weight it receives from the country’s trade, based on where its GDP is generated and which coast is closest.

Other chokepoints it uses

Sources and method

Sources and licenses

Methodology

We estimate the value crossing each chokepoint from BACI trade that travels by sea according to our mode heuristic, split between each country’s ports by where its GDP is generated and which coast is closest, and routed over our own sea network. It is an estimate, not a count of ships. It covers 99.9% of seaborne trade. The approach follows Verschuur, Lumma and Hall (Nature Communications, 2025). Data up to 2024.

All maritime chokepoints