Taiwan
U.S. Trade with Taiwan in 2024
Export Market Rank
#8 Among U.S. Agricultural Export Markets
Total Export Value
$3.77 Billion
3-Year Average
$3.92 Billion
Compound Average Growth
1.8% (2015-2024)
Total Export Value 2015 - 2024
Export Value by Commodity 2024
Top 10 Exports to Taiwan in 2024
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $709.22 Million | 62,504 | $550.59 Million | 122% |
| Soybeans | $601.39 Million | 1.28 Million | $693.17 Million | 4% |
| Corn | $383.8 Million | 1.66 Million | $353.22 Million | 12% |
| Wheat | $324.97 Million | 1.09 Million | $308.25 Million | 15% |
| Fresh Fruit | $262.12 Million | 115,796 | $216.26 Million | 34% |
| Poultry Meat & Prods. (excl. eggs) | $261.94 Million | 210,073 | $210.72 Million | 61% |
| Food Preparations | $176.04 Million | 9,034 | $158.34 Million | 18% |
| Dairy Products | $107.59 Million | 19,892 | $105.4 Million | 49% |
| Processed Vegetables | $96.21 Million | 54,392 | $76.96 Million | 48% |
| Non-Alcoholic Bev. (excl. juices) | $92.32 Million | 3,987 | $80.06 Million | 13% |
Data and Analysis
In 2024, Taiwan's pet food market saw significant activity, with total imports reaching a record high of $276.8 million. Thailand continued to be the largest supplier of pet food to Taiwan, followed by the United States, South Korea, Canada, and Japan.
Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.
In MY2025/2026, Taiwan’s wheat imports are forecast at 1.38 MMT supported by Taiwan consumers’ preference for more diverse food offerings including wheat-based products and a vibrant baking industry.
News and Features
Private exporters reported the following sales activity for MY 2024/2025: 132,000 MT of soybeans for delivery to China and 135,000 MT of corn for delivery to Taiwan.
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Private exporters reported the following sales activity: 110,000 MT of corn for delivery to Taiwan during MY 2023/2024 and 126,000 MT of soybean cake and meal for delivery to unknown destinations - 30,000 MT during MY 2023/2024 and 96,000 MT during MY 2024/2025.