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The Caribbean Basin region continues to experience growth, driven primarily by the steady rise in tourism, which in turn impacts consumer demand.

With a 1,566-kilometer coastline and a seafood-loving population, Taiwan maintains one of the world’s highest per capita seafood consumption rates—50 percent above the global average.

Taiwan relies heavily on agricultural imports due to its limited farmland. In 2024, it ranked as the eighth largest trading partner for U.S. agricultural goods, importing $3.8 billion worth of food and agricultural products.

In 2024, Taiwan was the eighth-largest market for U.S. agricultural exports, valued at $3.8 billion, 16 percent greater than 5 years ago. The top five U.S. agricultural exports to Taiwan are beef and beef products, soybeans, corn, wheat, and fresh fruits.

The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.

This report is an update of TW2023-0048 Taiwan Wood Pellets Market Brief - New Environmental and Energy Priorities Realize Opportunity for $300 Million in U.S. Wood Pellets, published in 2023.

In 2024, Taiwan's pet food market saw significant activity, with total imports reaching a record high of $276.8 million. Thailand continued to be the largest supplier of pet food to Taiwan, followed by the United States, South Korea, Canada, and Japan.

This report highlights the food processing industry, its drivers, key players, and market landscape in the Caribbean Basin. The region relies heavily on imports, and the United States is the largest supplier of food ingredients.

In MY2025/2026, Taiwan’s wheat imports are forecast at 1.38 MMT supported by Taiwan consumers’ preference for more diverse food offerings including wheat-based products and a vibrant baking industry.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.

In 2024, Taiwan imported US$3.8 billion agricultural products from the US, which accounted for 24.81 percent of the island’s total import value.

The United States holds 66 percent of Taiwan’s tree nut market, with 2024 imports rising 19 percent to nearly 13,000 metric tons, valued at USD 76 million.