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Taiwan import Statistics

Taiwan Import Data

The Republic of China is another name for Taiwan. It is situated in Asia's eastern region. The nation is situated where the East and South China Seas converge. Taiwan is one of the world's most densely populated nations. According to Taiwan's import data, Taiwan imported commodities totaling over $358.67 billion in 2023, an 18% decline from the previous year, with the majority coming from the import of agricultural and industrial raw materials, as per the data on Taiwan import products. Taiwan's import rank in 2023 was among the top 100 out of 226 nations, according to Taiwan Statistical Data and import data. Understanding Taiwan's import data is essential for businesses looking to grow their international trade activities. In 2023-24, Taiwan emerged as a key player in global trade, importing a wide range of products from various countries. Let us gain a comprehensive overview of Taiwan imports data and bill of lading data for the year 2023, shedding light on its key trends, top import partners, major imports of Taiwan, and Taiwan import products list.

Taiwan Import Data & Statistics | Taiwan Imports

20

The country has been ranked 20th in global imports, showing a significant position in the international trade and import landscape.

1.5%

With a mere 1.5% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

CHINA

China holds a significant role as the largest import partner of the country in terms of goods imports.

ELECTRICAL MACHINERY AND EQUIPMENT

Electrical machinery and equipment is the major and biggest import commodity of the country, playing a vital role in its economy with its import share.

Please select a country or provide either a description or HS Code.
import

Top 10 Imports of Taiwan: Taiwan Imports by HS Code

In 2023, Taiwan witnessed a significant diversification of import sources across multiple sectors as per Taiwan bill of lading data. Taiwanese businesses explored alternative markets for sourcing their raw materials and finished products. The top 10 imports of Taiwan in 2023 according to Taiwan import data and Taiwan statistical data are:

  • Electrical machinery and equipment (HS code 85): 29.98% ($107.54 billion)
  • Mineral fuels and oils (HS code 27): 15.87% ($56.90 billion)
  • Nuclear reactors and Machinery (HS code 84): 15.41% ($55.27 billion)
  • Optical, medical, or surgical instruments (HS code 90): 4.37% ($15.68 billion)
  • Vehicles (HS code 87): 3.32% ($11.89 billion)
  • Iron and steel (HS code 72): 2.59% ($9.30 billion)
  • Organic chemicals (HS code 29): 2.14% ($7.67 billion)
  • Plastics and articles thereof (HS code 39): 2.04% ($7.30 billion)
  • Miscellaneous chemical products (HS code 38): 1.78% ($6.40 billion)
  • Pharmaceutical products (HS code 30): 1.6% ($5.74 billion)
    • Partners

    Top 10 Import Partners of Taiwan: Taiwan Imports by Country

    With strong import partnerships and a diverse range of products, Taiwan continues to be an attractive destination for businesses exploring international trade opportunities. China is the biggest import partner of Taiwan as per the data on Taiwan imports by country. The top 10 import partners of Taiwan in 2023, as per Taiwan shipment data and Taiwan import data, include:

    Value In Percentage(%)

  • China: 19.6% ($70.37 billion) 
  • Japan: 12.3% ($44.28 billion)
  • USA: 11.4% ($40.98 billion)
  • South Korea: 7.9% ($28.47 billion)
  • Australia: 4.9% ($17.44 billion)
  • Germany: 3.9% ($13.87 billion)
  • Malaysia: 2.7% ($9.68 billion)
  • Singapore: 2.7% ($9.50 billion)
  • Saudi Arabia: 2.6% ($9.15 billion)
  • Netherlands: 2.1% ($7.41 billion)
    • Sample Data

    Overview of Taiwan Import Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    In our exclusive report for Taiwan imports and exports, you will find several trade details such as the number of goods needed to be imported/exported, HS codes, the description of each HS code, the quantity of each product, shipping carrier, consigner/consignee, the precise movement of goods for the countries which come under the Statistical and B/L database. Taiwan's import data for 2023 reflects the country's robust economic growth and its increasing reliance on global trade. According to Taiwan statistical import data, Taiwan's imports accounted for $358.67 billion in 2023. This surge in imports indicates Taiwan's strong demand for foreign goods and the country's ability to contribute significantly to global supply chains. We offer you really helpful and educational information on Taiwan's import and trade data. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. You will undoubtedly find our database and information to be very helpful in identifying the ideal market for gauging possible gains and market risks.

    Benefits

    Benefits of Taiwan Import Data

  • Get prospects for your business from the Taiwan market.
  • Determine Taiwan's market demand.
  • Keep an eye on your competition and outperform them.
  • Boost your income with a strategy driven by a data plan.
  • Locate sincere purchasers from the Taiwan market.
  • Reach long-term corporate objectives with superior reports.

    • Frequently Asked Questions!!

    Taiwan import data refers to the information and statistics on the goods and services that are brought into the country from other countries.

    Taiwan's import data is important because it provides valuable insights into the country's economic performance and trade relations with other countries. It also helps businesses make informed decisions about their import strategies.

    Taiwan import data is collected through customs declarations and other government agencies that oversee import activities. It is then compiled and analyzed by various organizations, such as the Ministry of Finance and the Bureau of Foreign Trade.

    Taiwan import data includes information on the type of goods imported, HS codes, their origin country, quantity, and more. It may also include data on the companies and individuals involved in the import process.

    Some of the top imports of Taiwan in 2023 include electrical machinery and equipment, mineral fuels and oils, and nuclear reactors. 

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