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Taiwan

Taiwan ranked No. 10 in total trade value through September with a total of $63 billion. Exports totaled $22.79 billion and Imports totaled $40.21 billion, a deficit of $17.43 billion.

January – September 2019

Top Trading Ports

Total Trade: $63 billion

RankPortTotal YTD
1Port of Los Angeles $10,853,651,376
2San Francisco International Airport, Calif. $5,549,657,000
3Los Angeles International Airport $3,963,201,214
4Anchorage International Airport, Alaska $3,498,870,754
5Port of Long Beach $3,490,121,871
6Port of Oakland, Calif. $3,428,405,604
7Chicago O’Hare International Airport $3,414,833,617
8Port of Newark $2,216,881,600
9Port of Houston $2,153,553,618
10Dallas-Fort Worth International Airport, Texas $2,130,016,625

U.S. trade with Taiwan rose to $63 billion through September

Taiwan’s trade with the United States rose to $63 billion through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.46 percent above its total trade during the same time period last year. U.S. exports to Taiwan increased 4.2 percent while U.S. imports from Taiwan rose 21.22 percent. The U.S. deficit with Taiwan was $17.43 billion.

Through September, 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 43.42 percent of Taiwan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 3.57 percent to $10.85 billion.
    Exports fell 27.51 percent to $1.33 billion. Imports rose 10.17 percent to $9.52 billion.
  • Trade with No. 2 San Francisco International Airport, Calif. rose 20.85 percent to $5.55 billion.
    Exports rose 8.09 percent to $2.34 billion. Imports rose 32.2 percent to $3.21 billion.
  • Trade with No. 3 Los Angeles International Airport rose 7.43 percent to $3.96 billion.
    Exports rose 7.07 percent to $1.46 billion. Imports rose 7.63 percent to $2.5 billion.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 11.94 percent to $3.5 billion.
    Exports rose 1.16 percent to $874.92 million. Imports rose 16.06 percent to $2.62 billion.
  • Trade with No. 5 Port of Long Beach rose 18.59 percent to $3.49 billion.
    Exports rose 3.72 percent to $1.54 billion. Imports rose 33.8 percent to $1.95 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 $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Taiwan by value through September were the categories of Oil; Machinery, parts for semiconductor manufacturing; Computer chips; Civilian aircraft, parts; and Motor vehicles for transporting people, respectively. They accounted for 42.46 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 35.77 percent of all inbound shipments.

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

  • Oil rose 29.99 percent compared to last year to $2.75 billion.
  • Machinery, parts for semiconductor manufacturing rose 15.52 percent compared to last year to $2.37 billion.
  • Computer chips fell 5.72 percent compared to last year to $2.11 billion.
  • Civilian aircraft, parts rose 50.58 percent compared to last year to $1.98 billion.
  • Motor vehicles for transporting people rose 29.66 percent compared to last year to $478.8 million.

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

  • Computers rose 121.39 percent compared to last year to $4.15 billion.
  • Computer parts rose 169.49 percent compared to last year to $3.37 billion.
  • Computer chips fell 8.83 percent compared to last year to $2.82 billion.
  • Cell phones, related equipment rose 63.85 percent compared to last year to $2.56 billion.
  • Screws, nuts, bolts, washers rose 9.55 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.

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