Browse Data and Analysis

In Taiwan, chocolate is one of the major categories in the sweets department. In 2023, the market imported $141 million worth of chocolate and related products, among which $29 million are from the US, making it Taiwan’s biggest chocolate supplier.

The U.S. Hoppy Duo IPA trade outreach event, featuring lead brewmasters from Sierra Nevada and Fremont breweries, achieved remarkable success in strengthening relations between the U.S. and Taiwan’s craft beer industries.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2023/2024 and MY2024/2025, a slight recovery from the previous MY. Weakness in feed demand due to animal diseases was one of the causes for lower soybean imports and reduced crush for MY 2022/2023.

In 2023, Taiwan imported US$3.7 billion agricultural products from the US, which accounted for 24.47 percent of the island’s total import value. Its food processing industry produced $30 billion of processed food and beverages, among which the strongest subsectors are animal feed, meat processing, baked goods, and non-alcoholic beverages.

In MY2024/2025, Taiwan’s wheat imports are forecast at 1.4 MMT. The United States is expected to recover market share from Australia due to better competitiveness and availability. MY2023/2024 and MY2024/2025 corn imports are forecast to recover to 4.55 MMT due to improved feed demand outlook, with restocking in both the hog and poultry sectors.