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Taiwan

Taiwan ranked No. 10 in total trade value through February with a total of $13.28 billion. Exports totaled $4.82 billion and Imports totaled $8.46 billion, a deficit of $3.64 billion.

January – February 2019

Top Trading Ports

Total Trade: $13.28 billion

RankPortTotal YTD
1Port of Los Angeles $2,361,690,540
2San Francisco International Airport, Calif. $1,122,051,548
3Los Angeles International Airport $813,420,813
4Anchorage International Airport, Alaska $790,476,217
5Port of Long Beach $752,025,902
6Port of Houston $726,197,319
7Chicago O’Hare International Airport $612,947,839
8Port of Oakland, Calif. $595,187,491
9Port of Tacoma, Wash. $452,026,973
10Port of Newark $446,645,278

U.S. trade with Taiwan rose to $13.28 billion through February

Taiwan’s trade with the United States rose to $13.28 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 20.92 percent above its total trade during the same time period last year. Taiwan’s exports increased 20.76 percent while imports rose 21.01 percent. The U.S. deficit with Taiwan was $3.64 billion.

Through February, 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 43.99 percent of Taiwan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 1.42 percent to $2.36 billion.
    Exports fell 30 percent to $279.2 million. Imports rose 4.29 percent to $2.08 billion.
  • Trade with No. 2 San Francisco International Airport, Calif. rose 27.15 percent to $1.12 billion.
    Exports rose 23.28 percent to $461.47 million. Imports rose 30 percent to $660.58 million.
  • Trade with No. 3 Los Angeles International Airport rose 10.33 percent to $813.42 million.
    Exports rose 9.06 percent to $298.42 million. Imports rose 11.08 percent to $515 million.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 39.01 percent to $790.48 million.
    Exports rose 1.01 percent to $170.19 million. Imports rose 55 percent to $620.28 million.
  • Trade with No. 5 Port of Long Beach rose 32.42 percent to $752.03 million.
    Exports rose 20.27 percent to $314.86 million. Imports rose 42.82 percent to $437.17 million.

Taiwan ranked No. 10 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 12.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Taiwan by value through February were the categories of Oil; Machinery, parts for semiconductor manufacturing; Computer chips; Civilian aircraft, parts; and Soybeans, respectively. They accounted for 43.41 percent of total exports to Taiwan.

The value of the top five categories of U.S. imports from Taiwan –– Computer parts; Computers; Computer chips; Cell phones, related equipment; and Screws, nuts, bolts, washers –– accounted for 35.96 percent of all inbound shipments.

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

  • Oil rose 100.82 percent compared to last year to $677.6 million.
  • Machinery, parts for semiconductor manufacturing rose 15.34 percent compared to last year to $501.59 million.
  • Computer chips rose 1.74 percent compared to last year to $423.39 million.
  • Civilian aircraft, parts rose 79.9 percent compared to last year to $352.8 million.
  • Soybeans rose 14.52 percent compared to last year to $135.06 million.

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

  • Computer parts rose 200.82 percent compared to last year to $796.08 million.
  • Computers rose 113.12 percent compared to last year to $773.27 million.
  • Computer chips rose 11.1 percent compared to last year to $705.32 million.
  • Cell phones, related equipment rose 24.35 percent compared to last year to $423.51 million.
  • Screws, nuts, bolts, washers rose 15.47 percent compared to last year to $343.42 million.

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.