Taiwan Trade Information and Market Intelligence

Taipei World Trade CenterLiaison Office in Mumbai

Overview of TAITRA• Founded in 1970, TAITRA is Taiwan's foremost non-profit trade promoting organization.

Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Headquartered in Taipei, TAITRA has 61 branches worldwide, including 4 offices in India, Mumbai, New Delhi, Kolkata and Chennai. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

Taipei World Trade Center Liaison Office in MumbaiThe mission of Taipei World Trade Center Liaison Office in Mumbai, is wide-ranging. Instrumental in carrying out numerous and various trade activities

• Carrying out trade missions and exhibitions.

• Initiated and facilitated procurement cases for international firms in Taiwan.

• Collected and reported business snippets to local traders.

• Recruited foreign members for the Taiwantrade.com.tw website.

• Invited buyers to visit Taiwan international exhibitions.

Index of Export and ImportUnit:Million USD 2016 2017 Growth Rate

Export 280,317 317,244 13.17%

Import 230,263 259,261 12.45%

Unit:Million USD 2016 2017 Growth Rate

Export to India 2,823 3,301 16.95%

Import from India 2,184 3,059 40.06%

Top 10 Countries for Export in 2017

Country Amount(Million USD)1 CHINA 88,9812 HONG KONG 41,2313 UNITED STATES 36,9424 JAPAN 20,7825 SINGAPORE 17,6256 KOREA 14,7337 VIET NAM 10,5038 MALAYSIA 10,3699 PHILIPPINES 9,593

10 GERMANY 6,45314 INDIA 3,301

Top 10 Countries for Import in 2017

Country Amount(Million USD)1 CHINA 50,0412 JAPAN 41,9423 UNITED STATES 30,2364 KOREA 16,8935 GERMANY 9,2006 SINGAPORE 8,7157 AUSTRALIA 8,2198 Unidentified Country 8,0109 MALAYSIA 7,182

10 SAUDI ARABIA 6,86519 INDIA 3,059

Top 10 Export Commodities in 2017Items Amount(Million USD)

Electronic integrated circuits 92,307.78Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils

10,406.79

Liquid crystal devices not constituting articles provided for more specifically in other headings; lasers, other than laser diodes; other optical appliances and instruments

8,132.61

Parts suitable for machinery 7,219.88Diodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, LED; mounted piezo-electric crystals

7,211.59

Telephone sets, including telephones for cellular networks or for other wireless networks 6,972.60

Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines

6,329.48

Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena

5,667.75

Printed circuit 5,544.71Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media

4,824.25

Top 10 Export Commodities to India in 2017

Items Amount(Million USD)

Polymers of vinyl chloride or of other halogenated olefins 321.34

Polyamides in primary forms 100.65

Diodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, LED; mounted piezo-electric crystals

99.52

Flat-rolled products of other alloy steel, of a width of 600m or more 99.27

Machinery for working rubber or plastics or for the manufacture of products from these materials

91.70

Polycarboxylic acids 89.44

Polyacetals, other polyethers and epoxide resins, in primary forms 84.20Electronic integrated circuits 77.86Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.70 to 84.72

74.73

Telephone sets, including telephones for cellular networks or for other wireless networks

70.96

Top 10 Import Commodities in 2017Items Amount(Million USD)

Electronic integrated circuits 43,564.03

Petroleum oils and oils obtained from bituminous minerals, crude 16,877.22

Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; parts and accessories.

12,472.31

Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils

8,975.76

Petroleum gases and other gaseous hydrocarbons 6,974.57

Coal; briquettes, ovoids and similar solid fuels manufactured from coal 6,792.39Telephone sets, including telephones for cellular networks or for other wireless networks

5,487.30

Motor cars and other motor vehicles principally designed for the transport of persons 4,990.98MISCELLANEOUS 3,680.48Refined copper and copper alloys, unwrought 3,605.88

Top 10 Import Commodities from India in 2017

Items Amount(Million USD)

Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils

1,150.35

Refined copper and copper alloys, unwrought 253.94

Ferro-alloys 249.22Cyclic hydrocarbons 121.83

Unwrought zinc 91.73

Unwrought aluminium 85.34Telephone sets, including telephones for cellular networks or for other wireless networks

65.91

Pig iron and, spiegeleisen in pigs, blocks or other primary forms 47.00Diamonds, whether or not worked, but not mounted or set 42.06Fish fillets and other fish meat (whether or not minced), fresh, chilled or frozen 33.94

Directory of Exporter and Importer• Visit the website: https://fbfh.trade.gov.tw/eai104/index1.asp

Search by Products

Search by HS Codes

Directory of Exporter and Importer• Visit the website: https://fbfh.trade.gov.tw/eai104/index1.asp

• Visit the website Taiwan Trade: https://www.taiwantrade.com/index.html

Search by Products

Direct Search

Directory of industry Association• Visit the website of Chinese National Federation of Industries:

http://www.cnfi.org.tw/front/bin/ptlist.phtml?Category=100084

Search by Industries

Directory of Excellent Exporters / Importers in 2016

Foreign Investment Promotion Agency• Invest Taiwan:

One stop services for foreign investmenthttps://investtaiwan.nat.gov.tw/homePage?lang=eng

• Department of Investment Services(DOIS), Ministry of Economic Affairs(MOEA)DOIS is an advisory unit of the MOEA. It is principally engaged in attracting foreigners to invest in Taiwan, guiding local businesses into investing abroad, and recruiting overseas technological talents.https://www.dois.moea.gov.tw/en

• MOEAIC: Screening of investment applications by foreign nationals.https://www.moeaic.gov.tw/english/

Foreign Investment Incentives 1 1. Tax Incentives

Taiwan Government will provide tax incentives for companies with R&D, free trade zone enterprise, company reorganization, private investment in infrastructure projects, biotechnology and new pharmaceutical Industry, acquisition of technology for operation and production, and indirect tax incentives for science parks, export processing zones, agricultural biotechnology parks, bonded factories, bonded warehouses, logistics centers, and free trade zones

2. Industrial Development Program3. Preference and Incentives for Operational Location

Please Contact Invest Taiwan if you want to know more details: https://investtaiwan.nat.gov.tw/showPage?lang=eng&search=serviceCenter_03

Foreign Investment Incentives 21. Tax Incentives2. Industrial Development Program

The Department of Industrial Technology, MOEA, promotes a variety of technology-based projects that encourage enterprises to invest in developing promising technologies. It also promotes cross-field integration to strengthen the industrial climate. Subsidies of up to 50% are offered based on project characteristics.

3. Preference and Incentives for Operational Location

Please Contact Invest Taiwan if you want to know more details: https://investtaiwan.nat.gov.tw/showPage?lang=eng&search=serviceCenter_03

Foreign Investment Incentives 31. Tax Incentives2. Industrial Development Program3. Preference and Incentives for Operational Location

For export processing zones, our government will provide tax incentives, investor protection and interests, and some competitive advantages of export processing zones, such as location, convenient and simple administrative services and so on. For science park, the incentives will include tax incentives, protection of investor rights, government participation in investment, capitalization of technology know-hows, capital raising, incentives for R&D, incentives regarding the act governing biotech and new medicine industry development

Please Contact Invest Taiwan if you want to know more details: https://investtaiwan.nat.gov.tw/showPage?lang=eng&search=serviceCenter_03

Incentives for Buyers’ Business Trip to Taiwan• Taipei World Trade Center Liaison Office in Mumbai will invite Indian

buyers to visit or to join the event organized by TAITRA, including sourcing events and Taiwan Trade Shows.

• We will provide the trip incentives for the buyers, including hotel accommodation or flight ticket. Each incentives will be based on the event organizers.

• Please visit Taiwan Trade Show website to check the B2B exhibitions in 2019:https://www.taiwantradeshows.com.tw/

Please contact us at mumbai@taitra.org.tw if you are interested in participating our events.

Reference• Ministry of Economic Affairs:

https://fbfh.trade.gov.tw/eai104/index1.asp

• Bureau of Foreign Trade: https://cus93.trade.gov.tw/FSC3000F/FSC3000S

• Invest Taiwan: https://investtaiwan.nat.gov.tw/homePage?lang=eng

• DOIS: https://www.dois.moea.gov.tw/en

• MOEAIC: https://www.moeaic.gov.tw/english/

• Taiwan Trade: https://www.taiwantrade.com/index.html

• Chinese National Federation of Industries: http://www.cnfi.org.tw/front/bin/ptlist.phtml?Category=100084

• Taiwan Trade Show: https://www.taiwantradeshows.com.tw/