Country intelligence · TWN · 2024

Taiwan trade profile

In 2024, Taiwan recorded $598.5B in merchandise exports and $369.4B in imports, producing a $229.1B trade surplus. Exports changed +12.4% from the previous year, while imports changed +9.0%.^[1]

Exports

$598.5B

+12.4%

Imports

$369.4B

+9.0%

Trade balance

$229.1B

surplus

Active partners

270

7 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

ExportsImports

Exact annual values

Year	Exports	Imports	Balance	Export growth
2024	$598.5B	$369.4B	$229.1B	+12.4%
2023	$532.6B	$339.0B	$193.6B	-11.7%
2022	$603.0B	$411.4B	$191.5B	+8.4%
2021	$556.3B	$366.1B	$190.2B	+29.3%
2020	$430.3B	$275.8B	$154.4B	+8.2%
2019	$397.7B	$276.5B	$121.2B	-0.4%
2018	$399.1B	$273.5B	$125.7B	+7.8%
2017	$370.2B	$248.4B	$121.8B	+12.9%
2016	$327.9B	$222.8B	$105.2B	-0.5%
2015	$329.5B	$227.3B	$102.2B	-7.6%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

HS 85 · Electrical machinery

262 active HS6 lines · 193 export partners

$329.6B

HS 84 · Machinery

514 active HS6 lines · 197 export partners

$140.8B

HS 39 · HS chapter

129 active HS6 lines · 187 export partners

$17.4B

HS 90 · HS chapter

142 active HS6 lines · 185 export partners

$13.1B

HS 27 · Mineral fuels and oils

43 active HS6 lines · 154 export partners

$11.1B

HS 87 · Vehicles

87 active HS6 lines · 180 export partners

$9.7B

HS 72 · HS chapter

167 active HS6 lines · 158 export partners

$8.6B

HS 29 · Organic chemicals

362 active HS6 lines · 147 export partners

$8.3B

Leading export markets

Destinations rank bilateral export flows from Taiwan; growth describes each corridor rather than the whole economy.

China

Annual change +7.4% · 3-year CAGR -4.9%

$179.0B

United States

Annual change +40.0% · 3-year CAGR 16.9%

$108.7B

Singapore

Annual change +26.0% · 3-year CAGR 7.2%

$47.7B

Hong Kong

Annual change -2.8% · 3-year CAGR -5.3%

$29.8B

Japan

Annual change -14.9% · 3-year CAGR -3.7%

$28.0B

South Korea

Annual change +20.6% · 3-year CAGR 5.0%

$26.9B

Malaysia

Annual change +26.7% · 3-year CAGR 10.3%

$22.1B

Vietnam

Annual change +23.3% · 3-year CAGR 3.3%

$19.5B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sources Methodology Open country workspace