1. China: Taiwan's largest trading partner, accounting for over 40% of its total trade. Key exports to China include electronic components, machinery, and plastics.
2. United States: Taiwan's second-largest trading partner, with around 15% of its trade. Major exports to the U.S. include semiconductors, computers, and machinery.
3. Japan: Another significant trading partner, representing about 10% of Taiwan's trade. Taiwan exports electronics, machinery, and chemicals to Japan.
4. South Korea: Taiwan's trade with South Korea accounts for roughly 8% of its total trade. Key exports include semiconductors, electronic components, and machinery.
5. Hong Kong: Hong Kong serves as a major hub for Taiwan's trade with mainland China and other parts of Asia. Taiwan's exports to Hong Kong include electronics, machinery, and plastic products.
6. Singapore: Taiwan has a strong trade relationship with Singapore, with exports including electronic components, machinery, and chemicals.
7. Malaysia: Taiwan exports electronic components, machinery, and chemicals to Malaysia, making it an important trading partner in Southeast Asia.
8. Philippines: Taiwan's exports to the Philippines include machinery, electronic components, and plastics, contributing to bilateral trade.
9. Vietnam: Growing trade ties with Vietnam have led to exports of electronics, machinery, and chemicals from Taiwan.
10. Thailand: Taiwan's exports to Thailand encompass electronics, machinery, and chemicals, fostering trade relations.