Trade in goods with USA SITC (Standard International Trade Classification)
Suomeksi - in Finnish

Taiwan trade flows with USA by SITC*) product sections during 2022/6 - 2022/10

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2022/6
%
2022/7
%
2022/8
%
2022/9
%
2022/10
%
Export1.9 2.1 2.2 1.9 2.1
Import2.6 3.1 3.0 2.7 2.8
Trade in Goods2.3 2.7 2.7 2.4 2.5

USA's foreign trade with Taiwan, exports to Taiwan and imports from Taiwan in October 2022


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In October Taiwan was USA's tenth most important foreign trade partner. In October 2022 Taiwan represented 2.5 per cent of USA's foreign trade in goods, 2.1 % of USA's exports and 2.8 % of imports. Amounting trade to worth of $11.5 billion was 3.9 per cent bigger than in October of the previous year. In October the trade balance with Taiwan was $4.1 billion in deficit for United States of America.

The value of imports from Taiwan was 1.6 per cent higher than in October of the previous year, thus amounting to $7.8 billion. Major product categories of imports from Taiwan were Sitc752 (automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s.), representing 16.8 percent of imports, Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76) 10.3 % and Sitc776 (thermionic, cold cathode or photo-cathode valves and tubes (e.g., vacuum or vapour or gas-filled valves and tubes, mercury arc rectifying valves and tubes, cathode-ray tubes, television camera tubes); diodes, transistors and similar semiconductor dev) 9.5 % of the imports.

The value of exports to Taiwan were 9.1 percent higher than in October of the previous year, thus amounting to $3.7 billion. The largest product groups of exports were: Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.), which represented a share of 19.6 per cent of total exports, Sitc776 (thermionic, cold cathode or photo-cathode valves and tubes (e.g., vacuum or vapour or gas-filled valves and tubes, mercury arc rectifying valves and tubes, cathode-ray tubes, television camera tubes); diodes, transistors and similar semiconductor dev) 13.7 % and Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude) 10.4 % of the exports.

Significant increase in trade in goods in early 2022

During January-October, trade in goods with Taiwan has grown faster than USA's trade in goods with the rest of the world. During this year trade in goods between countries was significantly higher than in January-October of the previous year. Growth was as high as 21.6 per cent and the value of the trade increased to $112.9 billion. During January-October the value of imports was $77.0 billion. The export value was $35.9 billion. Compared to the corresponding period of the previous year, the value of imports increased by 22.6 % and the value of exports by 19.4 %. The largest product group in terms of imports has been Sitc752 (automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s.), worth $8.8 billion. In export the largest value had Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.), worth being $5.0 billion. From USA's point of view, the trade balance between the countries in January-October remained in deficit. The trade deficit was $41.1 billion. The trade deficit continued to widen compared to the corresponding period in 2021. At that time, the deficit was $32.7 billion.


Table: USA's export to Taiwan (TW) during 2022/6 - 2022/10

2022 / 62022 / 72022 / 82022 / 92022 / 10
million $%million $%million $%million $%million $%
0. Food and live animals 281.1 7.9 254.2 6.8 232.6 5.9 196.1 5.9 204.1 5.5
00. Live animals 1.0 0.0 0.3 0.0 0.2 0.0 0.8 0.0 0.4 0.0
01. Meat and meat preparations 103.5 2.9 81.4 2.2 87.2 2.2 66.1 2.0 67.0 1.8
02. Dairy products and birds' eggs 11.3 0.3 13.4 0.4 11.9 0.3 9.9 0.3 7.6 0.2
03. Fish and fish preparations 1.6 0.0 2.4 0.1 2.9 0.1 2.0 0.1 2.7 0.1
04. Cereals and cereal preparations 82.1 2.3 48.1 1.3 31.7 0.8 33.3 1.0 49.3 1.3
05. Vegetables and fruit 32.5 0.9 57.1 1.5 46.3 1.2 32.7 1.0 31.0 0.8
06. Sugars,sugar preparations and honey 0.7 0.0 1.1 0.0 1.6 0.0 1.9 0.1 0.8 0.0
07. Coffee,tea,cocoa,spices 4.1 0.1 6.6 0.2 5.9 0.1 4.8 0.1 6.6 0.2
08. Feeding stuff for animals 24.5 0.7 26.3 0.7 20.2 0.5 20.6 0.6 17.9 0.5
09. Miscellaneous edible products and preparations 19.7 0.6 17.6 0.5 24.7 0.6 24.0 0.7 20.8 0.6
1. Beverages and tobacco 6.4 0.2 6.8 0.2 9.2 0.2 7.5 0.2 6.5 0.2
11. Beverages 6.3 0.2 6.8 0.2 9.2 0.2 6.8 0.2 6.5 0.2
12. Tobacco and tobacco manufactures 0.0 0.0 0.0 0.0 0.1 0.0 0.7 0.0 0.0 0.0
2. Crude materials,inedible,except fuels 172.9 4.9 159.4 4.3 172.4 4.4 154.7 4.7 178.4 4.8
21. Hides,skins,furskins,raw 0.4 0.0 0.3 0.0 1.0 0.0 0.9 0.0 0.7 0.0
22. Oil seeds,oleaginous fruits 64.5 1.8 42.6 1.1 48.7 1.2 61.8 1.9 81.5 2.2
23. Crude rubber (incl.synthetic) 7.0 0.2 3.4 0.1 3.2 0.1 3.8 0.1 3.1 0.1
24. Cork and wood 1.8 0.1 1.6 0.0 2.5 0.1 2.1 0.1 1.5 0.0
25. Pulp and waste paper 23.7 0.7 32.1 0.9 33.8 0.9 17.7 0.5 13.1 0.4
26. Textile fibres and their wastes 10.6 0.3 7.8 0.2 12.3 0.3 4.7 0.1 3.0 0.1
27. Crude fertilizers and crude minerals 3.9 0.1 5.2 0.1 5.1 0.1 4.5 0.1 3.5 0.1
28. Metalliferous ores and metal scrap 59.5 1.7 65.2 1.7 64.5 1.6 57.9 1.8 70.1 1.9
29. Crude animal,vegetable materials n.e.s. 1.5 0.0 1.3 0.0 1.2 0.0 1.4 0.0 1.8 0.0
3. Mineral fuels etc 675.5 19.1 661.9 17.7 733.4 18.5 374.2 11.3 561.3 15.0
33. Petroleum and products 578.0 16.3 529.0 14.1 624.4 15.8 258.9 7.8 459.6 12.3
34. Gas,natural and manufactured 97.5 2.8 132.7 3.5 109.0 2.8 115.3 3.5 101.6 2.7
4. Animal and vegetable oils and fats 0.9 0.0 0.8 0.0 1.0 0.0 0.7 0.0 0.9 0.0
41. Animal oils and fats 0.1 0.0 0.2 0.0 0.0 0.0 0.1 0.0 0.7 0.0
42. Fixed vegetable fats and oils 0.7 0.0 0.4 0.0 0.8 0.0 0.5 0.0 0.2 0.0
5. Chemicals and related products,n.e.s. 468.6 13.2 333.8 8.9 389.5 9.8 429.2 13.0 345.8 9.3
51. Organic chemicals 108.6 3.1 61.3 1.6 66.7 1.7 61.0 1.8 65.1 1.7
52. Inorganic chemicals 36.2 1.0 27.8 0.7 44.6 1.1 37.9 1.1 36.7 1.0
53. Dyeing,tanning and colouring material 8.2 0.2 13.0 0.3 11.9 0.3 7.5 0.2 7.2 0.2
54. Medicinal and pharmaceutical products 125.1 3.5 34.2 0.9 38.0 1.0 129.9 3.9 73.5 2.0
55. Perfume,cleaning etc.preparations 30.5 0.9 31.6 0.8 33.4 0.8 29.7 0.9 33.0 0.9
56. Fertilizers,manufactured 0.3 0.0 12.9 0.3 0.9 0.0 14.1 0.4 0.1 0.0
57. Plastics in primary forms 61.6 1.7 69.9 1.9 76.6 1.9 65.1 2.0 54.1 1.4
58. Plastics in non-primary forms 30.5 0.9 17.7 0.5 27.5 0.7 19.5 0.6 19.6 0.5
59. Chemical materials and products,n.e.s. 67.6 1.9 65.4 1.7 90.0 2.3 64.5 1.9 56.4 1.5
6. Basic manufactures 94.0 2.7 97.2 2.6 102.4 2.6 90.6 2.7 116.9 3.1
61. Leather,dressed fur,etc. 0.4 0.0 0.9 0.0 0.8 0.0 0.7 0.0 0.8 0.0
62. Rubber manufactures,n.e.s. 3.1 0.1 3.5 0.1 2.6 0.1 3.4 0.1 4.1 0.1
64. Paper,paperboard and articles thereof 12.7 0.4 12.8 0.3 11.6 0.3 10.7 0.3 10.2 0.3
65. Textile yarn,fabrics,made up articles,etc. 5.3 0.2 6.6 0.2 5.5 0.1 9.6 0.3 7.0 0.2
66. Non-metallic mineral manufactures,n.e.s. 27.0 0.8 24.6 0.7 27.8 0.7 23.3 0.7 45.5 1.2
67. Iron and steel 7.4 0.2 6.8 0.2 7.6 0.2 7.6 0.2 7.0 0.2
68. Non-ferrous metals 22.2 0.6 23.2 0.6 28.7 0.7 19.8 0.6 23.8 0.6
69. Manufactures of metals,n.e.s. 15.4 0.4 18.6 0.5 17.4 0.4 15.4 0.5 18.5 0.5
7. Machinery,transport equipment 1,416.0 40.0 1,735.9 46.4 1,779.2 44.9 1,580.2 47.8 1,872.7 50.2
71. Power generating machinery and equipment 39.7 1.1 56.0 1.5 98.1 2.5 50.3 1.5 16.5 0.4
72. Machinery for specialized industries 448.1 12.7 590.9 15.8 505.4 12.8 520.6 15.7 732.9 19.6
73. Metal working machinery 6.9 0.2 6.0 0.2 5.3 0.1 6.4 0.2 3.1 0.1
74. General industrial machinery n.e.s. 77.9 2.2 87.1 2.3 84.6 2.1 78.3 2.4 80.2 2.1
75. Office machines and adp machines 77.0 2.2 84.0 2.2 199.0 5.0 92.0 2.8 130.8 3.5
76. Telecommunications and sound recording equipment 30.3 0.9 65.7 1.8 33.4 0.8 53.8 1.6 34.1 0.9
77. Electric machinery,n.e.s.and parts 574.2 16.2 555.8 14.9 591.1 14.9 596.0 18.0 612.2 16.4
78. Road vehicles 24.8 0.7 178.2 4.8 79.0 2.0 42.1 1.3 125.9 3.4
79. Other transport equipment 137.1 3.9 112.2 3.0 183.3 4.6 140.7 4.3 137.1 3.7
8. Miscellaneous manufactured articles 346.6 9.8 396.5 10.6 432.0 10.9 376.2 11.4 343.0 9.2
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 0.3 0.0 0.7 0.0 19.4 0.5 0.6 0.0 0.5 0.0
82. Furniture and parts thereof 1.0 0.0 1.3 0.0 2.0 0.1 1.6 0.0 1.4 0.0
83. Travel goods,handbags and sim.containers 0.7 0.0 0.8 0.0 1.2 0.0 1.9 0.1 1.1 0.0
84. Articles of apparel and clothing accessories 1.5 0.0 1.7 0.0 2.2 0.1 1.7 0.1 1.1 0.0
85. Footwear 0.5 0.0 0.7 0.0 0.4 0.0 0.5 0.0 0.9 0.0
87. Instruments and apparates n.e.s. 241.8 6.8 211.2 5.6 244.9 6.2 256.3 7.7 197.0 5.3
88. Photographic equipment,optical goods etc. 32.9 0.9 28.3 0.8 27.4 0.7 32.5 1.0 23.7 0.6
89. Miscellaneous manufactured articles,n.e.s. 67.9 1.9 151.9 4.1 134.4 3.4 81.2 2.5 117.3 3.1
9. Goods not classified elsewhere 76.9 2.2 91.8 2.5 108.9 2.7 97.8 3.0 103.4 2.8
93. Special transactions and commodities not classified 33.1 0.9 43.4 1.2 28.7 0.7 24.7 0.7 29.0 0.8
97. Gold,non-monetary 4.3 0.1 2.7 0.1 0.4 0.0 2.5 0.1 0.8 0.0
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 39.3 1.1 45.4 1.2 79.8 2.0 70.5 2.1 73.2 2.0
0-9. All groups combined 3,538.9 100.0 3,738.4 100.0 3,960.6 100.0 3,307.3 100.0 3,733.2 100.0

Source: US Census Bureau

Table: Import from Taiwan (TW) to USA during 2022/6 - 2022/10

2022 / 62022 / 72022 / 82022 / 92022 / 10
million $%million $%million $%million $%million $%
0. Food and live animals 64.0 0.9 64.1 0.8 63.7 0.8 55.3 0.7 67.3 0.9
02. Dairy products and birds' eggs 0.9 0.0 1.6 0.0 1.2 0.0 0.5 0.0 0.6 0.0
03. Fish and fish preparations 13.6 0.2 15.7 0.2 14.2 0.2 11.8 0.2 16.3 0.2
04. Cereals and cereal preparations 11.5 0.2 11.0 0.1 9.7 0.1 6.7 0.1 8.9 0.1
05. Vegetables and fruit 9.0 0.1 9.6 0.1 9.6 0.1 6.8 0.1 9.0 0.1
06. Sugars,sugar preparations and honey 4.1 0.1 5.1 0.1 5.2 0.1 5.0 0.1 5.7 0.1
07. Coffee,tea,cocoa,spices 4.4 0.1 3.2 0.0 3.5 0.0 2.8 0.0 3.5 0.0
08. Feeding stuff for animals 0.6 0.0 0.4 0.0 0.5 0.0 0.3 0.0 0.7 0.0
09. Miscellaneous edible products and preparations 19.6 0.3 17.4 0.2 19.5 0.2 21.2 0.3 22.3 0.3
1. Beverages and tobacco 4.7 0.1 5.2 0.1 4.3 0.1 4.1 0.1 3.7 0.0
11. Beverages 4.7 0.1 5.2 0.1 4.3 0.1 4.1 0.1 3.7 0.0
2. Crude materials,inedible,except fuels 26.5 0.4 26.0 0.3 37.7 0.4 23.6 0.3 27.5 0.4
23. Crude rubber (incl.synthetic) 13.8 0.2 15.2 0.2 23.5 0.3 11.8 0.2 13.4 0.2
26. Textile fibres and their wastes 1.0 0.0 1.5 0.0 1.8 0.0 2.1 0.0 1.7 0.0
27. Crude fertilizers and crude minerals 0.5 0.0 0.3 0.0 0.6 0.0 0.3 0.0 0.8 0.0
28. Metalliferous ores and metal scrap 0.6 0.0 0.6 0.0 1.0 0.0 0.5 0.0 0.6 0.0
29. Crude animal,vegetable materials n.e.s. 10.1 0.1 8.0 0.1 10.6 0.1 8.6 0.1 10.7 0.1
3. Mineral fuels etc 24.7 0.3 250.9 3.0 149.3 1.8 4.6 0.1 32.8 0.4
33. Petroleum and products 24.7 0.3 250.9 3.0 149.3 1.8 4.6 0.1 32.8 0.4
4. Animal and vegetable oils and fats 2.0 0.0 2.4 0.0 1.9 0.0 1.4 0.0 2.4 0.0
42. Fixed vegetable fats and oils 1.9 0.0 2.3 0.0 1.6 0.0 1.4 0.0 2.4 0.0
5. Chemicals and related products,n.e.s. 330.9 4.5 366.3 4.3 386.5 4.6 360.7 4.8 332.1 4.3
51. Organic chemicals 56.5 0.8 73.0 0.9 74.9 0.9 83.6 1.1 52.2 0.7
52. Inorganic chemicals 40.0 0.5 28.1 0.3 45.8 0.5 25.9 0.3 23.1 0.3
53. Dyeing,tanning and colouring material 6.2 0.1 6.8 0.1 5.8 0.1 5.5 0.1 5.7 0.1
54. Medicinal and pharmaceutical products 28.8 0.4 45.5 0.5 28.4 0.3 45.9 0.6 58.2 0.7
55. Perfume,cleaning etc.preparations 14.7 0.2 12.9 0.2 15.5 0.2 13.8 0.2 13.8 0.2
57. Plastics in primary forms 96.7 1.3 95.9 1.1 111.0 1.3 99.1 1.3 84.9 1.1
58. Plastics in non-primary forms 54.5 0.7 61.5 0.7 65.9 0.8 52.4 0.7 57.3 0.7
59. Chemical materials and products,n.e.s. 33.2 0.5 42.4 0.5 39.1 0.5 34.4 0.5 36.9 0.5
6. Basic manufactures 1,101.7 15.0 1,073.8 12.7 1,127.0 13.4 1,048.1 13.9 979.3 12.5
61. Leather,dressed fur,etc. 2.4 0.0 2.7 0.0 3.4 0.0 3.0 0.0 2.9 0.0
62. Rubber manufactures,n.e.s. 57.5 0.8 60.9 0.7 73.6 0.9 64.5 0.9 67.4 0.9
63. Wood and cork manufactures 3.8 0.1 3.4 0.0 4.0 0.0 3.5 0.0 3.9 0.1
64. Paper,paperboard and articles thereof 24.4 0.3 26.0 0.3 30.5 0.4 21.5 0.3 23.1 0.3
65. Textile yarn,fabrics,made up articles,etc. 63.8 0.9 74.0 0.9 90.9 1.1 68.9 0.9 60.8 0.8
66. Non-metallic mineral manufactures,n.e.s. 26.7 0.4 35.0 0.4 31.5 0.4 25.7 0.3 26.8 0.3
67. Iron and steel 194.6 2.7 201.5 2.4 182.7 2.2 204.3 2.7 147.3 1.9
68. Non-ferrous metals 125.0 1.7 79.1 0.9 48.6 0.6 63.4 0.8 33.1 0.4
69. Manufactures of metals,n.e.s. 603.4 8.2 591.0 7.0 661.9 7.9 593.4 7.9 614.0 7.9
7. Machinery,transport equipment 4,574.1 62.4 5,460.6 64.4 5,314.2 63.3 4,818.7 64.1 5,305.7 67.9
71. Power generating machinery and equipment 84.0 1.1 80.6 0.9 77.8 0.9 80.7 1.1 93.0 1.2
72. Machinery for specialized industries 106.3 1.4 118.4 1.4 131.1 1.6 106.8 1.4 115.4 1.5
73. Metal working machinery 80.2 1.1 82.9 1.0 106.7 1.3 96.1 1.3 91.1 1.2
74. General industrial machinery n.e.s. 333.5 4.5 340.5 4.0 372.6 4.4 321.8 4.3 339.9 4.4
75. Office machines and adp machines 1,465.0 20.0 2,100.9 24.8 1,923.4 22.9 1,594.6 21.2 2,059.8 26.4
76. Telecommunications and sound recording equipment 753.6 10.3 820.4 9.7 861.5 10.3 804.6 10.7 852.7 10.9
77. Electric machinery,n.e.s.and parts 1,339.3 18.3 1,526.0 18.0 1,394.7 16.6 1,400.3 18.6 1,329.6 17.0
78. Road vehicles 367.1 5.0 351.6 4.1 402.8 4.8 363.0 4.8 372.4 4.8
79. Other transport equipment 45.0 0.6 39.3 0.5 43.5 0.5 50.9 0.7 51.7 0.7
8. Miscellaneous manufactured articles 1,001.3 13.7 960.5 11.3 1,100.3 13.1 981.8 13.1 877.3 11.2
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 17.3 0.2 18.8 0.2 16.5 0.2 18.3 0.2 14.7 0.2
82. Furniture and parts thereof 109.9 1.5 107.4 1.3 115.8 1.4 98.5 1.3 98.1 1.3
83. Travel goods,handbags and sim.containers 6.6 0.1 6.3 0.1 8.2 0.1 8.6 0.1 7.7 0.1
84. Articles of apparel and clothing accessories 28.3 0.4 37.1 0.4 35.6 0.4 32.2 0.4 26.7 0.3
85. Footwear 4.0 0.1 4.3 0.1 5.2 0.1 3.2 0.0 4.8 0.1
87. Instruments and apparates n.e.s. 172.9 2.4 196.2 2.3 223.6 2.7 204.9 2.7 210.5 2.7
88. Photographic equipment,optical goods etc. 28.8 0.4 37.7 0.4 36.7 0.4 31.7 0.4 31.6 0.4
89. Miscellaneous manufactured articles,n.e.s. 633.6 8.6 552.7 6.5 658.8 7.8 584.4 7.8 483.4 6.2
9. Goods not classified elsewhere 201.8 2.8 273.3 3.2 208.8 2.5 218.4 2.9 184.4 2.4
93. Special transactions and commodities not classified 148.0 2.0 220.8 2.6 119.4 1.4 123.7 1.6 100.7 1.3
97. Gold,non-monetary 0.6 0.0 0.9 0.0 00 00 0.1 0.0
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 53.2 0.7 51.6 0.6 89.4 1.1 94.6 1.3 83.6 1.1
0-9. All groups combined 7,331.6 100.0 8,483.1 100.0 8,393.7 100.0 7,516.7 100.0 7,812.4 100.0

Source: US Census Bureau

Year level (Sitc)

The amount realized in the beginning of 2022 (Sitc)


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