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Taiwan MY 2023 fluid milk production is forecast to increase to 465,000 MT. During the supply chain disruptions resulting from the COVID-19 pandemic, milk imports declined by 17 percent in MY 2021, pushing local producers to exceed production expectations to meet high demand.
Taiwan is the United States' sixth largest export market for food and agricultural products. With the highest GDP per capita in Eastern Asia, the island imported over US $30 million of coffee from the US in 2021.
Taiwan’s GDP per capita is expected to surpass Japan and Korea, making its consumers with the strongest spending power in Eastern Asia. At the same time, demand for international sweets and snacks are growing as consumers compensate for not being able to travel abroad. ATO-Taipei conducted retail research on popular products and origins to show market opportunities and preferences.
Taiwan is the seventh-largest market for U.S. agricultural exports. Taiwan has vibrant urban communities and a highly developed e-commerce industry that provides convenience for customers, all which support Taiwan’s continued demand for safe and high-quality food products. In addition, evolving consumption trends suggest customers are increasingly looking for western-style food options that cannot be locally sourced. Since domestic food production alone cannot match increased food demand, agricultural imports will continue to play an important role in Taiwan’s retail food economy. While trade barriers exist and competition intensifies, opportunities to increase U.S. agricultural exports remain promising.
On September 15, 2022, Taiwan announced the extension of tariff and tax exemptions for several agricultural commodities till the end of 2022. The tariff on beef and selective butter products and milk powder is reduced by 50 percent, the tariff on wheat and the business tax on imported corn, soybeans and wheat are waived. These measures have been in place since December 2021.
This report provides a brief overview on how to apply for an import tolerance (IT) in Taiwan.
In early February 2020, Taiwan's Agriculture and Food Agency (AFA) announced that it concluded organic equivalency negotiations with Japan and Australia.
Agricultural trade with Taiwan is being impacted by new quarantine measures, port closures, vessel delays, and suspended flights as U.S. agribusiness exporters struggle to find available space....
Effective May 1, 2020, all U.S. dairy products for food purposes under HS Codes 0401, 0402, 0403, 0404, 0405 and 0406 must be accompanied with the USDA Agricultural Marketing Service (AMS) joint....
Taiwan uses a science-based process for evaluating and granting approval for imports of genetically engineered (GE) products for processing, food, and feed use.