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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 is a mature and stable market. The primary driver behind soybean imports is demand for soybean meal for animal feed.
On March 8, 2017, Taiwan completed the first tranche of the 2017 U.S. rice Simultaneous Buy and Sell (SBS) tender GF4-106-015 for 18,500 tons.