What does taiwan trade with canada?

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Taiwan has an active trade relationship with Canada, exporting a wide range of industrial and consumer goods. Taiwan, meanwhile, imports a range of goods, including fuel and nickel, from Canada. This trade relationship exists despite a lack of formal diplomatic ties between the two nations.

Size

According to data from the Asia Pacific Foundation of Canada, Taiwan exported nearly $4 billion (in Canadian dollars) in goods to Canada in 2008. Canada's exports to Taiwan in 2008 totaled $1.5 billion (Canadian dollars).

Types

Taiwanese exports to Canada included electrical equipment and machinery, mechanical appliances, iron and steel, and motor vehicles.

Features

Canada's leading exports to Taiwan consist mainly of raw materials. Top exports include mineral fuels, oil, nickel and wood pulp.

Significance

Taiwan is Canada's fourth-largest trading partner in Asia and 13th largest in the world.

Effects

Taiwan exports more goods to Canada than it imports, giving Taiwan a trade surplus of more than $2 billion in Canadian dollars in 2007 and 2008. For the first half of 2009, Taiwan's trade surplus totaled $1.25 billion in Canadian dollars.

Considerations

Canada and Taiwan do not have formal diplomatic relations because of Taiwan's political status. China claims Taiwan as its own and does not recognize the island as independent.

Source:

Asia Pacific Foundation: Canada's Merchandise Trade With Taiwan

Canadian Trade Office in Taipei: Economic Relations

More Information:

Canadian Trade Office in Taipei

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What does taiwan trade with canada?

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