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Taiwan

Taiwan ranked No. 12 in total trade value through May with a total of $28.84 billion. Exports totaled $11.07 billion and Imports totaled $17.76 billion, a deficit of $6.69 billion.

January – May 2018

Top Trading Ports

Total Trade: $28.84 billion

Rank Port Total YTD
1 Port of Los Angeles $5,717,350,330
2 San Francisco International Airport, Calif. $2,544,804,004
3 Los Angeles International Airport $1,980,833,704
4 Anchorage International Airport, Alaska $1,639,934,815
5 Port of Long Beach $1,593,725,397
6 Chicago O’Hare International Airport $1,447,903,488
7 Port of Tacoma, Wash. $1,195,143,225
8 Port of Oakland, Calif. $1,107,020,880
9 Port of Newark $1,071,789,560
10 John F. Kennedy International Airport $905,568,576

U.S. trade with Taiwan rose to $28.84 billion through May

Taiwan’s trade with the United States rose to $28.84 billion through the first five months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.17 percent above its total trade during the same time period last year. Taiwan’s exports increased 2.74 percent while imports rose 6.74 percent. The U.S. deficit with Taiwan was $6.69 billion.

Through May, 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 Port of Long Beach and No. 5 Anchorage International Airport, Alaska. In the current time period, the top five accounted for 46.74 percent of Taiwan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 10.03 percent to $5.72 billion.
    Exports rose 32.02 percent to $1.07 billion. Imports rose 5.96 percent to $4.65 billion.
  • Trade with No. 2 San Francisco International Airport, Calif. rose 12.16 percent to $2.54 billion.
    Exports fell 10.85 percent to $1.14 billion. Imports rose 42.11 percent to $1.4 billion.
  • Trade with No. 3 Los Angeles International Airport fell 1.4 percent to $1.98 billion.
    Exports fell 7.59 percent to $728.85 million. Imports rose 2.6 percent to $1.25 billion.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 7.66 percent to $1.64 billion.
    Exports rose 2.34 percent to $469.35 million. Imports rose 9.95 percent to $1.17 billion.
  • Trade with No. 5 Port of Long Beach fell 1.91 percent to $1.59 billion.
    Exports fell 5.66 percent to $797.01 million. Imports rose 2.16 percent to $796.72 million.

Taiwan ranked No. 12 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 $1.71 trillion, up 9.27 percent compared to the same period last year. The nation’s exports climbed 9.66 percent to $684.76 billion; imports climbed 9.01 percent to $1.02 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 $336.38 billion, up compared to the same period of last year when the deficit was $312.27 billion.

The top five U.S. exports to Taiwan by value through May were the categories of Machinery, parts for semiconductor manufacturing; Computer chips; Civilian aircraft, parts; Oil; and Soybeans, respectively. They accounted for 35.41 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 Motor vehicle parts –– accounted for 28.04 percent of all inbound shipments.

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

  • Machinery, parts for semiconductor manufacturing fell 24.69 percent compared to last year to $1.15 billion.
  • Computer chips fell 12.85 percent compared to last year to $1.09 billion.
  • Civilian aircraft, parts fell 44.68 percent compared to last year to $700.06 million.
  • Oil totaled $668.23 million. The previous year, there were no exports in this category.
  • Soybeans rose 15.45 percent compared to last year to $307.86 million.

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

  • Computer chips rose 9.59 percent compared to last year to $1.72 billion.
  • Computers rose 20.38 percent compared to last year to $994.46 million.
  • Cell phones, related equipment fell 10.54 percent compared to last year to $855.23 million.
  • Screws, nuts, bolts, washers rose 13.33 percent compared to last year to $728.88 million.
  • Motor vehicle parts rose 3.37 percent compared to last year to $679.66 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.