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Taiwan

Taiwan ranked No. 11 in total trade value through October with a total of $62.15 billion. Exports totaled $24.73 billion and Imports totaled $37.42 billion, a deficit of $12.7 billion.

January – October 2018

Top Trading Ports

Total Trade: $62.15 billion

RankPortTotal YTD
1Port of Los Angeles $11,678,023,615
2San Francisco International Airport, Calif. $5,154,328,166
3Los Angeles International Airport $4,178,607,683
4Anchorage International Airport, Alaska $3,495,865,378
5Port of Long Beach $3,338,583,566
6Chicago O’Hare International Airport $3,001,647,735
7Port of Oakland, Calif. $2,478,613,344
8Port of Tacoma, Wash. $2,463,340,706
9Port of Newark $2,254,298,714
10John F. Kennedy International Airport $2,042,485,094

U.S. trade with Taiwan rose to $62.15 billion through October

Taiwan’s trade with the United States rose to $62.15 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.83 percent above its total trade during the same time period last year. Taiwan’s exports increased 19.05 percent while imports rose 6 percent. The U.S. deficit with Taiwan was $12.7 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 San Francisco International Airport, Calif.; No. 3 Los Angeles International Airport; No. 4 Anchorage International Airport, Alaska; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 San Francisco International Airport, Calif. No. 3 Los Angeles International Airport No. 4 Anchorage International Airport, Alaska and No. 5 Port of Long Beach. In the current time period, the top five accounted for 44.8 percent of Taiwan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 8.5 percent to $11.68 billion.
    Exports rose 19.6 percent to $2.02 billion. Imports rose 6.44 percent to $9.66 billion.
  • Trade with No. 2 San Francisco International Airport, Calif. rose 10.81 percent to $5.15 billion.
    Exports fell 0.38 percent to $2.4 billion. Imports rose 22.88 percent to $2.75 billion.
  • Trade with No. 3 Los Angeles International Airport rose 1.02 percent to $4.18 billion.
    Exports rose 0.03 percent to $1.55 billion. Imports rose 1.61 percent to $2.63 billion.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 10.33 percent to $3.5 billion.
    Exports rose 11.89 percent to $940.77 million. Imports rose 9.77 percent to $2.56 billion.
  • Trade with No. 5 Port of Long Beach rose 10 percent to $3.34 billion.
    Exports rose 11.95 percent to $1.65 billion. Imports rose 8.16 percent to $1.69 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.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 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 $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Taiwan by value through October were the categories of Computer chips; Oil; Machinery, parts for semiconductor manufacturing; Civilian aircraft, parts; and Soybeans, respectively. They accounted for 39.1 percent of total exports to Taiwan.

The value of the top five categories of U.S. imports from Taiwan –– Computer chips; Computers; Cell phones, related equipment; Screws, nuts, bolts, washers; and Computer parts –– accounted for 27.82 percent of all inbound shipments.

Looking more closely at U.S. exports to Taiwan:

  • Computer chips fell 2.94 percent compared to last year to $2.52 billion.
  • Oil rose 3808.54 percent compared to last year to $2.39 billion.
  • Machinery, parts for semiconductor manufacturing fell 16.08 percent compared to last year to $2.3 billion.
  • Civilian aircraft, parts fell 17.27 percent compared to last year to $1.79 billion.
  • Soybeans rose 70.46 percent compared to last year to $668.93 million.

Looking more closely at U.S. imports from Taiwan:

  • Computer chips rose 7.61 percent compared to last year to $3.51 billion.
  • Computers rose 6.16 percent compared to last year to $2.16 billion.
  • Cell phones, related equipment fell 17.8 percent compared to last year to $1.74 billion.
  • Screws, nuts, bolts, washers rose 14.32 percent compared to last year to $1.52 billion.
  • Computer parts rose 30.24 percent compared to last year to $1.49 billion.

In the latest annual figures available, Taiwan recorded $68.25 billion in trade with the United States. At year’s end, its were Los Angeles; San Francisco; Chicago; New York City; and Seattle. Total U.S. exports to Taiwan were $ 25.75 billion and imports from Taiwan were $42.49 billion. The U.S. deficit with Taiwan was $16.74 billion.