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In 2022, Taiwan imported record-high US$4.4 billion agricultural products from the US. Yet, due to COVID variants, the Russian invasion of Ukraine, labor shortage, and inflation issues, Taiwan's nominal Gross Domestic Product (GDP) decreased 0.17 percent at $774.7 billion.
Taiwan’s overall seafood imports reached US$2.1 billion in 2022, up 20 percent from 2021, with imports from the United States decreasing slightly to US$32 million.
The growth in Taiwan's dog and cat food market reflects a societal shift towards animals as pets
The growth in Taiwan's dog and cat food market reflects a societal shift towards animals as pets. With rising incomes and strong western influence, pets are now a symbol of affluence in Taiwan.
Report Highlights Throughout 2020, Taiwan remained essentially unimpacted by the COVID-19 pandemic thanks to the Taiwan authorities’ swift, effective response in managing this global crisis.
On March 2, 2021, Taiwan announced the final version of new regulations for labeling chocolate products, set to take effect on January 1, 2022.
Taiwan is the United States' eighth-largest export market for food and agricultural products and 18th largest market for seafood products, according to U.S. Department of Agriculture data.
After years of effort by ATO Taipei in collaboration with APA - The Engineered Wood Association (APA), Taiwan authorities announced a long-waited revision to wood building codes on fire protections.
On February 18, Taiwan Premier Su Tseng-chang publicly presented the details of Taiwan's fund to support and upgrade its domestic pig industry.