Taiwan

In 2020, Taiwan was the eighth-largest destination for U.S. agricultural exports, totaling $3.3 billion. This represents a 9-percent decrease from 2019, and a 17-percent decrease from a record $3.9 billion in 2018. The United States is Taiwan’s top supplier of agricultural goods with 29 percent market share, followed by the EU27+UK with 12 percent. In 2020, the largest export growth was in poultry meat & products (excluding eggs), up $37 million. Dairy products also rose, up 11 percent to $121 million. Virtually all other top commodities to Taiwan declined in value. Exports of U.S. soybeans decreased by more than $80 million, while exports of corn continued to fell due in part to lower domestic consumption, higher U.S. prices, and competition from South America. Shipments of fresh fruit, beef & beef products, and wheat were down $55 million, $16 million, and $13 million, respectively. While Taiwan is one of the largest per capita consumers of U.S. agricultural goods, U.S. food products are facing increased competition from third country competitors with preferential trade agreements, such as beef and dairy products from New Zealand.

More information from the 2020 U.S. Agricultural Export Yearbook