Taiwan Exporter Guide 2010
Taiwan has a dynamic capitalist economy and is easily affected by fluctuations in the world market. In 2009, the economic growth rate dropped by 1.91% due to the global recession – however, economic growth in 2010 is forecasted to be 6.14%. As a result of recent political changes, Taiwan’s relationship with the PRC has been improving, and trade is expected to increase, hopefully bringing economic benefits in the future. Taiwan has also been shown to be an excellent gateway to expansion into the greater China market. Taiwan is currently the sixth largest market for U.S. agricultural exports. Taiwan imported nearly 3.2 billion USD of agricultural products from the U.S. in 2009. The U.S. has a 41 market share in the Taiwan market, the largest by far. Although the majority of U.S. agricultural exports
to Taiwan are bulk commodities, U.S. exports of other consumer-oriented agricultural products including red meats and poultry, fresh fruits, and processed fruits and vegetables increased to $916 million USD in 2009.