Browse Data and Analysis

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.

As elsewhere, the Taiwan food service sector suffered a major setback with the COVID-19 pandemic. Despite recording no domestic cases until March 2021, Taiwan food sectors were impacted by a lack of tourists as strict border controls limited travel.

Taiwan’s MY 2021 fluid milk consumption is expected to decrease to 521,000 MT due to import delays resulting from the Covid-19 pandemic.