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UK-TAIWAN TRADE & INVESTMENT: ANNUAL REPORT

UK-TAIWAN TRADE & INVESTMENT: ANNUAL REPORT

Click on link to download full report: 2016 UK-Taiwan Bilateral Trade Report

SUMMARY
In 2015, Taiwan was the UK’s 33rd largest trading partner globally and the 6th largest in
the Asia-Pacific region. The UK was Taiwan’s 3rd largest trading partner in Europe. 2015
bilateral trade reached £5,307 million.
UK exports to Taiwan hit £1,799 million in 2015. Goods exports were £1,217 million and
services exports were £582 million. In a year that Taiwan’s GDP growth slowed from 4.02%
in 2014 to just 0.72%, UK exports to Taiwan experienced a 11.3% year-on-year fall as
services exports contracted by £158 million. Top UK export sectors were: business and
financial services, beverages (mainly whisky), machinery and mechanical appliances,
pharmaceutical products and vehicles.
Taiwan invested a total of US$114.8 million in the UK in 2016, considerably better than the
5-year1 average of US$ 10 million annually, prior to the large increase that took place in
2014 and 2015, and third overall in Europe behind the Netherlands and Austria.

 

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