Variation of -6.5% for Taiwan's agricultural exports

Until 2021, China was the major market for Taiwan's agricultural products, but after several disputes between the 2 countries, this is no longer the case.

 

According to local media reports, according to data from the Ministry of Agriculture, Taiwan's agricultural exports in 2023 totalled USD 4.89 billion, down 6.5% on 2022.

 

In 2023, the main destination countries for Taiwanese agricultural exports were the United States (18.4% of the total), Japan (14.7%) and China (10.2%). 

 

For fresh and chilled fruit, Japan was the largest market for Taiwanese products, accounting for 47.4% of the total, ahead of Hong Kong (23.98%).

 

The strongest growth (+51.4%) was recorded for products exported to the United Arab Emirates. An increase of +9.6% was recorded for products exported to Hong Kong. In contrast, a -16.1% variation was recorded for products exported to Japan, which can be explained by inflation and the depreciation of the yen.