# Travel >> Destinations >> South Pacific

Taiwan's Top 10 Trading Partners (2021 Data)

Taiwan's Global Trade Network in 2021

Taiwan's export-oriented economy relies heavily on a concentrated group of partners. In 2021, total trade reached ~$1.53 trillion; the top 10 partners accounted for 75.1% of this volume.

Ranking by Total Trade Value (USD Billions)

Rank	Partner	Trade Value	% of Total
1	China (incl. Hong Kong)	$326.4B	21.4%
2	United States	$196.3B	12.9%
3	Japan	$116.3B	7.7%
4	Hong Kong (separate customs)	$87.8B	5.8%
5	South Korea	$79.1B	5.2%
6	Singapore	$69.8B	4.6%
7	Malaysia	$48.4B	3.2%
8	Thailand	$42.9B	2.8%
9	Vietnam	$38.6B	2.5%
10	Philippines	$37.8B	2.5%

Key Dynamics

China + Hong Kong = ~27% of total trade—deep supply chain integration in semiconductors, electronics, machinery
U.S. is top export destination for finished goods (ICT, machinery, optics)
ASEAN rising: Vietnam, Malaysia, Thailand growing as "China+1" diversification targets
Semiconductors dominate: TSMC alone drives ~15% of Taiwan's GDP; chips flow to all top partners

Strategic Implications

Taiwan's trade concentration creates both resilience (deep integration) and vulnerability (geopolitical leverage). The "New Southbound Policy" (2016) aims to deepen ASEAN/India ties, but China/U.S./Japan remain structural anchors.

Source: Taiwan Directorate-General of Customs, 2021 annual trade statistics.

How Hawaii Became a U.S. Territory: The 1898 Annexation

Where Is Utah Located? Region and Geography

South Pacific