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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.
FY2021 agricultural exports reach record levels.
MY 2020/2021 estimates show Taiwan’s apple consumption contracting to 130,378 MT on reduced supply of imports. For MY 2021/2022, apple imports are forecast to decline another 9,000 MT to 120,000 MT.