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Taiwan
Seeking growth in an uneasy (geo)political landscape
A1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in January 2024.
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GDP | USD791bn (IMF 2022) |
Population | 23.3mn (IMF 2022) |
Form of state | Multiparty Democracy |
Head of government | Lai Ching-te (President) |
Next elections |
2028, presidential and legislative |
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- Robust growth in private consumption
- Healthy labor market
- Well developed and resilient financial system
- Solid business environment
- Strong public and external balances
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- Vulnerable to external pressures
- Export dependency leads to cyclical risk
- Threat of industrial competition and talent poaching from China
- Vulnerable to fluctuations in international fuel prices
- Concentrated geographic and sectorial trade structure
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
China
28.7%
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1 |
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United States
14.7%
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2 |
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China, Hong Kong SAR
14.0%
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3 |
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Japan
6.7%
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4 |
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Singapore
5.7%
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5 |
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Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
41.1%
|
1 |
15.5%
Electrical machinery, apparatus and appliances, n.e.s.
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Office machines and automatic data processing machines
8.4%
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2 |
8.4%
Petroleum, petroleum products and related materials
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Plastics in primary forms
4.3%
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3 |
6.6%
Specialised machinery
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Organic chemicals
3.8%
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4 |
5.3%
Gas, natural and manufactured
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Manufactures of metal, n.e.s.
3.6%
|
5 |
4.7%
Road vehicles
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