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Trade between Taiwan and the United States

In 2024, Taiwan exported $112.6 billion to the United States and imported $38.3 billion. Taiwan ran a surplus of $74.3 billion with the United States, compared with a surplus of $19.7 billion in 2019. The United States was Taiwan’s 2nd largest trading partner (16% of its trade), and Taiwan was the United States’ 8th (3%).

Summary

Taiwan → United States
$112.6billion
United States → Taiwan
$38.3billion
Taiwan’s balance
$74.3billion

Balance

Taiwan’s trade balance with the United States

Trade between Taiwan and the United States grew 3.1-fold since 1995

USD billions (current). Taiwan’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 113
  • Imports 38.3
  • Balance +74.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$29.8 billion$18.8 billion$10.9 billion
1996$30.5 billion$18 billion$12.5 billion
1997$33.1 billion$19.8 billion$13.3 billion
1998$33.8 billion$19.2 billion$14.6 billion
1999$36.1 billion$20.2 billion$15.8 billion
2000$39.5 billion$24.2 billion$15.4 billion
2001$34 billion$17.8 billion$16.2 billion
2002$33.7 billion$17.5 billion$16.2 billion
2003$32 billion$16.8 billion$15.1 billion
2004$34.3 billion$21.2 billion$13.1 billion
2005$36.1 billion$20.1 billion$16.1 billion
2006$37.8 billion$22 billion$15.8 billion
2007$40.8 billion$24.7 billion$16.1 billion
2008$38.2 billion$25.4 billion$12.8 billion
2009$27.9 billion$17.7 billion$10.3 billion
2010$36.1 billion$24.7 billion$11.3 billion
2011$40.8 billion$24.9 billion$15.9 billion
2012$39.8 billion$23.5 billion$16.4 billion
2013$37.2 billion$22.8 billion$14.4 billion
2014$40.7 billion$25.4 billion$15.3 billion
2015$39.9 billion$23.1 billion$16.8 billion
2016$38.6 billion$26.6 billion$12.1 billion
2017$42 billion$28.7 billion$13.3 billion
2018$44.8 billion$33.8 billion$11.1 billion
2019$53 billion$33.4 billion$19.7 billion
2020$59.2 billion$29.6 billion$29.6 billion
2021$76.7 billion$35.5 billion$41.2 billion
2022$91.2 billion$40.8 billion$50.4 billion
2023$85.3 billion$35.8 billion$49.5 billion
2024$112.6 billion$38.3 billion$74.3 billion

What they sell each other

What Taiwan sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Computers$25.8 billion · 23%
    71 thousand tonnes · Taiwan’s destinations
  2. Computer and office machine parts$24.4 billion · 21.7%
    20 thousand tonnes
  3. Microchips$11.1 billion · 9.9%
    2 thousand tonnes · Taiwan’s destinations
  4. Cameras and broadcast equipment$7.1 billion · 6.3%
    36 thousand tonnes
  5. Discs and storage media$3.5 billion · 3.1%
    5 thousand tonnes
  6. Auto parts$2 billion · 1.8%
    159 thousand tonnes · Taiwan’s destinations
  7. Screws, bolts and nuts$1.7 billion · 1.5%
    439 thousand tonnes
  8. Transformers and power supplies$1.5 billion · 1.4%
    47 thousand tonnes
  9. Sports equipment$963 million · 0.85%
    74 thousand tonnes
  10. Vehicle lights and signals$950 million · 0.84%
    25 thousand tonnes

What the United States sells to Taiwan

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$7.1 billion · 18.6%
    13.3 million tonnes · the United States’ destinations
  2. Microchips$4.5 billion · 11.8%
    360 tonnes · the United States’ destinations
  3. Other industrial machines$3.4 billion · 8.9%
    6 thousand tonnes
  4. Turbojets and gas turbines$2 billion · 5.2%
    2 thousand tonnes · the United States’ destinations
  5. Natural gas and LPG$1.2 billion · 3.2%
    2 million tonnes
  6. Aircraft parts$981 million · 2.6%
    3 thousand tonnes
  7. Cars$946 million · 2.5%
    40 thousand tonnes · the United States’ destinations
  8. Airplanes and helicopters$817 million · 2.1%
    668 tonnes · the United States’ destinations
  9. Electrical test instruments$648 million · 1.7%
    551 tonnes
  10. Computers$599 million · 1.6%
    950 tonnes · the United States’ destinations

How it travels

Estimated sea route from Kaohsiung to Los Angeles.

The estimated sea route between Kaohsiung and Los Angeles is 6,368 nautical miles (11,794 km) long: ≈ 14.5–19 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$45.6 billion · 30.2%
  2. Air$105.3 billion · 69.8%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Taiwan’s 2nd largest trading partner (16% of its trade), and Taiwan was the United States’ 8th (3%).

The United States in Taiwan’s trade
16.1%
The United States’ rank among Taiwan’s partners
2nd
Taiwan in the United States’ trade
3%
Taiwan’s rank among the United States’ partners
8th

Compare with

Other partners of Taiwan

Other partners of the United States

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.