Mainland China remained Taiwan’s largest merchandise import partner in 2023, with an import value of approximately 70.2 billion U.S. dollars. Around 95.7 billion U.S. dollars worth of goods were exported from Taiwan to mainland China in the same year, leaving a trade surplus of around 25.5 billion U.S. dollars.
To limit its trade dependency on mainland China, the government of Taiwan has introduced a new trade initiative, which aims to strengthen the regional relations with ASEAN, South Asian countries, Australia, and New Zealand. By implementing the New Southbound Policy, Taiwan hopes to enhance diplomatic and economic collaboration and achieve a free exchange of resources and talent within the region. In 2022, the total export value from Taiwan to countries of the New Southbound Policy amounted to around 96.9 billion U.S. dollars.
Value of goods imports in Taiwan in 2023, by leading exporting country or region
(in billion U.S. dollars)
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MOF (Taiwan). (January 31, 2024). Value of goods imports in Taiwan in 2023, by leading exporting country or region (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/324642/taiwan-import-partners-by-country/
MOF (Taiwan). "Value of goods imports in Taiwan in 2023, by leading exporting country or region (in billion U.S. dollars)." Chart. January 31, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/324642/taiwan-import-partners-by-country/
MOF (Taiwan). (2024). Value of goods imports in Taiwan in 2023, by leading exporting country or region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/324642/taiwan-import-partners-by-country/
MOF (Taiwan). "Value of Goods Imports in Taiwan in 2023, by Leading Exporting Country or Region (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Jan 2024, https://www.statista.com/statistics/324642/taiwan-import-partners-by-country/
MOF (Taiwan), Value of goods imports in Taiwan in 2023, by leading exporting country or region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/324642/taiwan-import-partners-by-country/ (last visited November 24, 2024)
Value of goods imports in Taiwan in 2023, by leading exporting country or region (in billion U.S. dollars) [Graph], MOF (Taiwan), January 31, 2024. [Online]. Available: https://www.statista.com/statistics/324642/taiwan-import-partners-by-country/