American State Offices Association

Capital:	Taipei
Population:	21.6 million
Language:	Mandarin Chinese
Currency:	New Taiwan (NT) Dollar (exchange rate NT$34.5 : US$1 as of October 2001)
GDP:	US$301 billion (2000)

With US$46 billion in two-way trade between the United States and Taiwan in the year 2001, the two regions are very important trade partners to each other. The United States is Taiwan's largest trade partner and Taiwan is the seventh largest trade partner of the US.

TAIWAN'S TOP TRADE PARTNERS IN 2001 (unit: US$ billion)

Rank	Country	Exports	Imports	Total 2-Way Trade	Balance
	Total All Countries	122.9	107.3	230.2	15.6
1	USA	27.7	18.2	45.9	9.5
2	Japan	12.8	25.9	38.7	-13.1
3	Hong Kong (includes PRC)*	27.0	1.9	28.9	25.1
4	Korea	3.3	6.7	10.0	-3.4
5	Germany	4.5	4.3	8.8	0.2
6	Singapore	4.1	3.4	7.5	0.7
7	Malaysia	3.1	4.2	7.3	-1.1
8	Netherlands	4.2	1.5	5.7	2.7
9	Philippines	2.2	3.3	5.5	-1.1
10	UK	3.3	1.4	4.7	1.9

US-TAIWAN TRADE (unit: US$ billion)

1 1998 1999 2000 2001

Taiwan Exports to US (fob) 29.4 30.9 34.8 27.7

Taiwan Imports from US (cif) 19.7 19.7 25.1 18.2

Total 2-Way Trade with US 49.1 50.6 60.0 45.9

Trade Balance with US 9.7 11.2 9.7 9.5