Browse Data and Analysis

In MY 2023, Taiwan’s liquid milk production is estimated to reach 474,000 tons and is forecast to see a slight increase in MY 2024. However, the long-term liquid milk outlook is complex and subject to unstable dynamics due to New Zealand dairy products soon to have unlimited tariff-free access to the Taiwan market in 2025.

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.