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In 2023, for the second consecutive year, the United States remained the number one export market for Taiwan’s agricultural and related products, taking 17 percent (valued at $935 million) of Taiwan’s exports.
In 2023, the total value of U.S. agricultural and related products exported to Taiwan was $3.7 billion, a decrease of 15 percent compared to the previous year.
Taiwan’s beer market increased to 517 million liters (137 million gallons) in 2013.
Even though Taiwan’s food processing and ingredients industries are extremely competitive, there are still great opportunities for U.S. exporters.
With November trade reports, 2014 is confirmed as another record year for U.S. beef exports to Taiwan, valued at over USD $269 million.
Eighty-eight percent, 28,884 MT, of Taiwan’s 2014 U.S. rice Country Specific Quota (CSQ) under normal tender is yet to be complete.
Taiwan’s retail food sector is becoming increasingly competitive, and foreign operators (Costco, 7-11, Carrefour and Wellcome) continue to dominate Taiwan’s food retail market.
Taiwan authorities recently lifted a ban on U.S. long grain rice, in place since 2006.