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Taiwan imported over a billion dollars of U.S. genetically engineered (GE) crops in 2017, accounting for over a third of total U.S. agricultural exports to the island.
Taiwan’s beer market increased to 517 million liters (137 million gallons) in 2013.
Even though Taiwan’s food processing and ingredients industries are extremely competitive, there are still great opportunities for U.S. exporters.
With November trade reports, 2014 is confirmed as another record year for U.S. beef exports to Taiwan, valued at over USD $269 million.
Eighty-eight percent, 28,884 MT, of Taiwan’s 2014 U.S. rice Country Specific Quota (CSQ) under normal tender is yet to be complete.
Taiwan’s retail food sector is becoming increasingly competitive, and foreign operators (Costco, 7-11, Carrefour and Wellcome) continue to dominate Taiwan’s food retail market.
Taiwan authorities recently lifted a ban on U.S. long grain rice, in place since 2006.