Taiwan has a population of about 23 million people and a GDP per capita of approximately $32,000 USD in 2023. It is a highly developed, export-oriented economy.
Taiwan is a global leader in semiconductors and electronics, and also has strong machinery, chemical and precision engineering industries. Consumers have high purchasing power and are open to imported food, cosmetics and lifestyle products.
Taiwan’s main imports include integrated circuits and electronic components, crude oil and natural gas, machinery, chemicals and agricultural products. Labelling in traditional Chinese and product registration are important points to arrange with your importer.
Key cities include Taipei, the capital and business centre; Kaohsiung, the largest port; Taichung, an industrial hub in the centre of the island; and Hsinchu, home to the science park of the semiconductor industry.

