Trade with Taiwan
GENERAL INTRODUCTION OF THE COUNTRY
Taiwan is an island located approximately 160 kilometres off the southern coast of China in the Western Pacific Ocean. The total land area is about 36.000 square km and the total population is more than 23 million
people, making it one of the most densely populated area in the world. The geographical position in Asia is the following: in the North there are Japan and Korea, in the West there are Mainland China and Hong Kong, in South West there are the ASEAN countries (Malaysia, Vietnam, Philippines, Brunei, Thailand, Indonesia, Singapore).
Politics
The official name of Taiwan is Republic of China, founded in 1912, was the first democratic republic in Asia. Taiwan is a fully democratic country where people’s rights are respected. There are two main political parties. The Democratic Progressive Party (DPP), the Kuomintang (KMT). The president Ms. Tsai Ing-Wen (DPP),
took office on 20 May 2016.
Living Environment
Through more than 60 years of continuous development, Taiwan has gained the status of a newly industrialising country, and abounds in modern goods and conveniences. Numerous high profile foreign companies have made successful inroads into the Taiwanese market in recent years. In particular, Italian design is highly appreciated by Taiwanese people. In the department stores many fashion and textile products, jewellery, shoes, furniture, etc. are made
in Italy.
Trade
mil. US$ |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
growth rate |
exports | 280,384 | 280,317 | 317,244 | 335,927 | 329,330 | 345.286 | 446.392 | 479,451 | 7.4% |
imports | 228,616 | 230,564 | 259,261 | 286,361 | 285,869 | 286.513 | 381.521 | 428,036 | 12.1% |
total | 508,999 | 510,881 | 576,506 | 622,288 | 615,199 | 631.800 | 827.914 | 907,486 | 9.5% |
balance |
51,768 | 49,754 | 57,983 | 49,566 | 43,461 | 58.773 | 64.871 | 51,415 | -20.2% |
Taiwan Main Trading partners
2022
(US$ mln)
CODE NO | COUNTRY NAME | TOTAL TRADE | ||
RANKING | AMOUNT | SHARE(%) | ||
TOTAL | Global-Country | --- | 907,486.40 | 100.000 |
CODE NO | COUNTRY NAME | RANKING | AMOUNT | SHARE |
---|---|---|---|---|
CN | China | 1 | 205,110.17 | 22.602 |
US | United States | 2 | 120,473.74 | 13.276 |
JP | Japan | 3 | 88,239.34 | 9.723 |
HK | Hong Kong | 4 | 66,281.87 | 7.304 |
KR | Republic of Korea | 5 | 56,448.64 | 6.220 |
SG | Singapore | 6 | 42,053.07 | 4.634 |
AU | Australia | 7 | 32,215.26 | 3.550 |
MY | Malaysia | 8 | 30,558.03 | 3.367 |
DE | Germany | 9 | 23,041.58 | 2.539 |
VN | Viet Nam | 10 | 21,540.62 | 2.374 |
IT | ITALY | 22 | 6,245.27 | 0.688 |
TWO WAY TRADE WITH ITALY
In 2022 the total exchanges between Taiwan and Italy have
reached US$ 6.245 billion (growth rate
0.69%).
Taiwan exports to Italy were US$ 2.896 billion (12.86%) and imports from Italy counted US$ 3.348 billion (11.11%). Italy is Taiwan's 4th trade partner in EU after Germany, Holland and UK and 22nd partner in the world.
Taiwan Import from Italy, top 10 products.
(million US$)
|
|
Taiwan Export to Italy, top 10 products
(million US$)
|
|
Economic Cooperation Forum between Taiwan and Italy
Since 2011 an annual bilateral meeting is held alternatevly in Taiwan and Italy for the promotion of economic cooperation. Last Cooperation Forum was held in December 2022.
TRADE PROMOTION SERVICES
www.taiwantrade.com.tw, Taiwan business database, Taiwan national B2B e-portal
www.taitra.com.tw, Taiwan External Trade Development Council (TAITRA)
http://eweb.trade.gov.tw, Bureau of Foreign Trade
www.taipeitradeshows.com.tw, Taiwan Trade Shows Calendar
The First B2B Mobile Application, Taiwan Products at your fingertips
Taiwan excellent spirits and wine producers
https://www.anticovid19tw.org/, Anti Covid-19 Pavillion
LINKS
Customs Laws and Regulations, http://eweb.customs.gov.tw/dp.asp?mp=21
Import duties, Tariff Database Search, http://www.customs.gov.tw/RateWebEn/Search1.aspx
Import and Export Regulations, Bureau of Foreign Trade, http://eweb.trade.gov.tw/mp.asp?mp=2
Quarantine regulation, http://www.baphiq.gov.tw/homeweb5.php
International trade shows, http://www.taipeitradeshows.com.tw
Ufficio di Rappresentanza di Taipei - Viale Liegi n.17, 00198 Roma | Tel. 06-98262800 - P. Iva 97076980586