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Taiwan

Taiwan ranked No. 10 in total trade value through July with a total of $48.58 billion. Exports totaled $17.83 billion and Imports totaled $30.75 billion, a deficit of $12.92 billion.

January – July 2019

Top Trading Ports

Total Trade: $48.58 billion

RankPortTotal YTD
1Port of Los Angeles $8,293,539,412
2San Francisco International Airport, Calif. $4,216,894,889
3Los Angeles International Airport $3,027,228,181
4Port of Long Beach $2,753,915,628
5Anchorage International Airport, Alaska $2,747,318,929
6Chicago O’Hare International Airport $2,534,330,490
7Port of Oakland, Calif. $2,497,237,673
8Port of Houston $1,870,558,945
9Dallas-Fort Worth International Airport, Texas $1,665,020,675
10Port of Newark $1,656,865,743

U.S. trade with Taiwan rose to $48.58 billion through July

Taiwan’s trade with the United States rose to $48.58 billion through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.06 percent above its total trade during the same time period last year. U.S. exports to Taiwan increased 9.55 percent while U.S. imports from Taiwan rose 20.2 percent. The U.S. deficit with Taiwan was $12.92 billion.

Through July, 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 Port of Long Beach; and No. 5 Anchorage International Airport, Alaska. 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 43.31 percent of Taiwan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 0.94 percent to $8.29 billion.
    Exports fell 33.21 percent to $980.67 million. Imports rose 8.37 percent to $7.31 billion.
  • Trade with No. 2 San Francisco International Airport, Calif. rose 16.05 percent to $4.22 billion.
    Exports rose 4.25 percent to $1.74 billion. Imports rose 26.1 percent to $2.47 billion.
  • Trade with No. 3 Los Angeles International Airport rose 7.08 percent to $3.03 billion.
    Exports rose 11.29 percent to $1.15 billion. Imports rose 4.65 percent to $1.88 billion.
  • Trade with No. 4 Port of Long Beach rose 23.38 percent to $2.75 billion.
    Exports rose 6.43 percent to $1.21 billion. Imports rose 41.03 percent to $1.54 billion.
  • Trade with No. 5 Anchorage International Airport, Alaska rose 16.07 percent to $2.75 billion.
    Exports rose 3.66 percent to $691.64 million. Imports rose 20.95 percent to $2.06 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 $2.41 trillion, down 0.06 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $956.44 billion; imports climbed 0.38 percent to $1.45 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 $498.31 billion, up compared to the same period of last year when the deficit was $485.95 billion.

The top five U.S. exports to Taiwan by value through July were the categories of Oil; Machinery, parts for semiconductor manufacturing; Civilian aircraft, parts; Computer chips; and Motor vehicles for transporting people, respectively. They accounted for 43.5 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 35.7 percent of all inbound shipments.

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

  • Oil rose 98.11 percent compared to last year to $2.32 billion.
  • Machinery, parts for semiconductor manufacturing rose 16.77 percent compared to last year to $1.88 billion.
  • Civilian aircraft, parts rose 71.56 percent compared to last year to $1.61 billion.
  • Computer chips fell 4.32 percent compared to last year to $1.59 billion.
  • Motor vehicles for transporting people rose 25.63 percent compared to last year to $369.09 million.

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

  • Computers rose 119.11 percent compared to last year to $3.09 billion.
  • Computer parts rose 178.88 percent compared to last year to $2.64 billion.
  • Computer chips fell 10.94 percent compared to last year to $2.19 billion.
  • Cell phones, related equipment rose 55.53 percent compared to last year to $1.89 billion.
  • Screws, nuts, bolts, washers rose 11.46 percent compared to last year to $1.17 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.