Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Taiwan

Taiwan ranked No. 10 in total trade value through August with a total of $55.85 billion. Exports totaled $20.25 billion and Imports totaled $35.6 billion, a deficit of $15.35 billion.

January – August 2019

Top Trading Ports

Total Trade: $55.85 billion

RankPortTotal YTD
1Port of Los Angeles $9,613,779,868
2San Francisco International Airport, Calif. $4,820,124,712
3Los Angeles International Airport $3,524,956,251
4Anchorage International Airport, Alaska $3,144,525,542
5Port of Long Beach $3,121,278,513
6Port of Oakland, Calif. $2,984,972,309
7Chicago O’Hare International Airport $2,974,601,399
8Port of Houston $2,013,253,701
9Port of Newark $1,948,204,701
10Dallas-Fort Worth International Airport, Texas $1,882,647,070

U.S. trade with Taiwan rose to $55.85 billion through August

Taiwan’s trade with the United States rose to $55.85 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.8 percent above its total trade during the same time period last year. U.S. exports to Taiwan increased 5.71 percent while U.S. imports from Taiwan rose 20.7 percent. The U.S. deficit with Taiwan was $15.35 billion.

Through August, 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 43.38 percent of Taiwan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 1.92 percent to $9.61 billion.
    Exports fell 30.01 percent to $1.17 billion. Imports rose 8.78 percent to $8.45 billion.
  • Trade with No. 2 San Francisco International Airport, Calif. rose 16.41 percent to $4.82 billion.
    Exports rose 1.7 percent to $1.97 billion. Imports rose 29.38 percent to $2.85 billion.
  • Trade with No. 3 Los Angeles International Airport rose 7.95 percent to $3.52 billion.
    Exports rose 8.63 percent to $1.31 billion. Imports rose 7.56 percent to $2.21 billion.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 14.34 percent to $3.14 billion.
    Exports rose 2.89 percent to $792.16 million. Imports rose 18.8 percent to $2.35 billion.
  • Trade with No. 5 Port of Long Beach rose 20.34 percent to $3.12 billion.
    Exports rose 6.85 percent to $1.39 billion. Imports rose 33.83 percent to $1.74 billion.

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. 11.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Taiwan by value through August were the categories of Oil; Machinery, parts for semiconductor manufacturing; Civilian aircraft, parts; Computer chips; and Scrap iron, steel, respectively. They accounted for 43.05 percent of total exports to Taiwan.

The value of the top five categories of U.S. imports from Taiwan –– Computers; Computer parts; Computer chips; Cell phones, related equipment; and Screws, nuts, bolts, washers –– accounted for 35.74 percent of all inbound shipments.

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

  • Oil rose 51.27 percent compared to last year to $2.44 billion.
  • Machinery, parts for semiconductor manufacturing rose 14.05 percent compared to last year to $2.09 billion.
  • Civilian aircraft, parts rose 53.83 percent compared to last year to $1.88 billion.
  • Computer chips fell 4.76 percent compared to last year to $1.87 billion.
  • Scrap iron, steel fell 8.36 percent compared to last year to $427.94 million.

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

  • Computers rose 121.7 percent compared to last year to $3.63 billion.
  • Computer parts rose 175.55 percent compared to last year to $3.03 billion.
  • Computer chips fell 9.17 percent compared to last year to $2.51 billion.
  • Cell phones, related equipment rose 59.9 percent compared to last year to $2.22 billion.
  • Screws, nuts, bolts, washers rose 9.95 percent compared to last year to $1.33 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.