Top Trading Partners
Total Trade: $68.25 billion
|4||New York City||$4,949,704,845|
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Taiwan’s trade rose to $68.25 billion through December
Taiwan’s trade with the United States rose 4.42 percent, from $65.36 billion to $68.25 billion when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. U.S. exports to Taiwan decreased 1.12 percent while imports from Taiwan rose 8.09 percent. The U.S. deficit with Taiwan was $16.74 billion.
Taiwan ranked No. 11 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 11. Taiwan’s top U.S. Customs districts for total imports and exports were No. 1 Los Angeles, No. 2 San Francisco, No. 3 Chicago, No. 4 New York City and No. 5 Seattle compared to the last year when the top spots were held by No. 1 Los Angeles, No. 2 San Francisco, No. 3 New York City, No. 4 Chicago and No. 5 Seattle. In the current time period, the top five accounted for 58.29 percent of Taiwan’s U.S. trade. That compares to 58.92 percent for the nation’s top five Customs districts during the same time period in the previous year.
Taking a closer look:
- Trade with No. 1 Los Angeles rose 1.47 percent to $16.22 billion.
Exports fell 11.64 percent to $5.68 billion. Imports rose 10.29 percent to $10.54 billion.
- Trade with No. 2 San Francisco rose 7.91 percent to $8.54 billion.
Exports rose 1.77 percent to $4.07 billion. Imports rose 14.18 percent to $4.47 billion.
- Trade with No. 3 Chicago rose 14.56 percent to $5.59 billion.
Exports rose 11.95 percent to $961.25 million. Imports rose 15.12 percent to $4.63 billion.
- Trade with No. 4 New York City rose 0.05 percent to $4.95 billion.
Exports rose 0.94 percent to $2.14 billion. Imports fell 0.61 percent to $2.81 billion.
- Trade with No. 5 Seattle fell 6.32 percent to $4.49 billion.
Exports fell 11.88 percent to $2.62 billion. Imports rose 2.8 percent to $1.87 billion.
Through December, 12 Customs districts posted trade surpluses with Taiwan while 34 had deficits. That compares with 12 surpluses and 34 deficits for the same period one year ago. The top surplus was with Dallas at $1.63 billion, the largest deficit was with Los Angeles at $4.86 billion.
Top Exports to Taiwan
Total YTD: $25.75 billion
|1||Machinery, parts for semiconductor manufacturing||$3,328,131,611|
|3||Civilian aircraft, parts||$2,509,888,583|
|6||Scrap iron, steel||$463,524,255|
|8||Photo-sensitive semi-conductors, parts||$360,241,148|
|9||Gasoline, other fuels||$341,340,412|
|10||Motor vehicles for transporting people||$326,918,232|
January – December 2017
Top Imports from Taiwan
Total YTD: $42.49 billion
|2||Cell phones, related equipment||$2,606,004,346|
|4||Screws, nuts, bolts, washers||$1,596,636,094|
|5||Motor vehicle parts||$1,589,782,832|
|7||Unrecorded media for audio||$1,375,632,539|
|8||TV cameras, digital cameras, camcorders||$1,199,611,535|
|9||Exports returned, without change||$954,792,766|
|10||Equipment, parts for exercising||$754,008,722|
Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
The top five U.S. exports to Taiwan, by value through December were the categories of Machinery, parts for semiconductor manufacturing; Computer chips; Civilian aircraft, parts; Soybeans; and Medical technology, respectively. They accounted for 39.02 percent of total exports to Taiwan.
The value of the top five categories of U.S. imports from Taiwan –– Computer chips; Cell phones, related equipment; Computers; Screws, nuts, bolts, washers; and Motor vehicle parts –– accounted for 28.87 percent of all inbound shipments.
Looking more closely at U.S. exports to Taiwan:
- Machinery, parts for semiconductor manufacturing fell 3.4 percent compared to last year to $3.33 billion.
- Computer chips fell 6.55 percent compared to last year to $3.14 billion.
- Civilian aircraft, parts fell 14.53 percent compared to last year to $2.51 billion.
- Soybeans rose 0.43 percent compared to last year to $588.78 million.
- Medical technology rose 5.27 percent compared to last year to $480.96 million.
Looking more closely at U.S. imports from Taiwan:
- Computer chips rose 11.9 percent compared to last year to $3.89 billion.
- Cell phones, related equipment rose 6.17 percent compared to last year to $2.61 billion.
- Computers rose 46.82 percent compared to last year to $2.58 billion.
- Screws, nuts, bolts, washers rose 12.36 percent compared to last year to $1.6 billion.
- Motor vehicle parts rose 4.3 percent compared to last year to $1.59 billion.
In the latest annual figures available, Taiwan recorded $65.36 billion in trade with the United States. At year’s end, its top five Customs districts were Los Angeles; San Francisco; New York City; Chicago; and Seattle. Total U.S. exports to Taiwan were $ 26.05 billion and imports from Taiwan were $39.31 billion. The U.S. deficit with Taiwan was $13.27 billion.