Vehicles Export of Taiwan in 2024: A Comprehensive Analysis of the Regulatory Shipments and Top Trade Partners of 2024

Taiwan recently has emerged as the leading exporter of vehicles due to the steady growth in production and sales. The automotive industry has been serving as a cornerstone to the entire economic growth for the previous several years. The collaboration with globally renowned brands like Newland Motor, China Motor Corporation, and Lockheed Martin gaining global recognition, has been establishing the country as the top exporting authority of vehicles in the international trade market. Taiwan Import Data says the active collaboration with the top manufacturers has also indulged the country in expanding the reach to international markets through divergent exports.

In contrast to the globally growing demands for vehicles from the trade authorities of Taiwan and accompanied by the utmost manufacturing capabilities of the industrial sectors, the country has exported vehicles worth 12 billion US dollars in 2024. Import Globals, gives a categorized breakdown of the latest shipments of vehicles from the management authorities to top-demanding regions worldwide. The trade analysis works as a potential tool for business owners who are proactively optimizing the competitors’ engagement in specific sectors to figure out the most beneficial marketing zones for future trade investments.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF VEHICLES FROM TAIWAN IN 2024

The active promotion of electric vehicles is still now one of the most crucial initiatives launched by the authorities for recording a global shift towards greener and more sustainable modes of transportation. The initiative aimed to record 25% of all new cars sold in Taiwan being electric by 2025. Several tax breaks and subsidies are being implemented by the Taiwanese government to encourage local manufacturers to produce more of their kind to increase competitiveness in the international trade market.

The active participation in free trade agreements with other countries like China has been fueling up the export of vehicles from the nation by a substantial rate. The investment in research and development, specifically in the R&D programs, has promoted the innovation and technological advancement resulting into a more appealing approach to international buyers, while improving the competitiveness in the essential trade rates.

THE LEADING VARIANTS OF VEHICLES EXPORTED FROM TAIWAN IN 2024

The globally growing population worldwide has been demanding more variants of transportation modes. To meet the increase in demand from the management authorities, Taiwan has introduced divergent variants of vehicles in the global supply. According to the Taiwan Export Data, the top 10 leading variants of vehicles exported from the nation in 2024 are,

  1. Sedans — Export trade value of Sedans from Taiwan in 2024–3.2 billion US dollars
  2. SUVs- Export trade value of SUVs from Taiwan in 2024–2.4 billion US dollars
  3. Hatchbacks- Export trade value of Hatchbacks from Taiwan in 2024–1.65 billion US dollars
  4. Electric Vehicles- Export trade value of Electric Vehicles from Taiwan in 2024–1.2 billion US dollars
  5. RVs/Campers- Export trade value of RVs/Campers from Taiwan in 2024–1 billion US dollars
  6. Trucks/Commercial Vehicles- Export trade value of Trucks/Commercial Vehicles from Taiwan in 2024–976 million US dollars
  7. Sports Cars- Export trade value of Sports Cars from Taiwan in 2024–765 million US dollars
  8. Minivans- Export trade value of Minivans from Taiwan in 2024–654 million US dollars
  9. Hybrid Vehicles- Export trade value of Hybrid Vehicles from Taiwan in 2024–435 million US dollars
  10. Luxury Cars- Export trade value of Luxury Cars from Taiwan in 2024–247 million US dollars

THE TOP 10 LEADING EXPORT TRADE PARTNERS OF TAIWAN FOR VEHICLES IN 2024

Taiwan, being a crucial export player in the global vehicle industry, has built up a stable trade relationship with most of the regions, having cost-effective pricing strategies. According to the Taiwan Customs Data, the top 10 export trade partners of the nation for vehicles in 2024 are,

  1. United States — The annual export trade value of vehicles from Taiwan to the United States in 2024–4.3 billion US dollars

Top 5 variants of vehicles exported

1. Pickup trucks

2. Electric cars

3. Hybrid cars

4. Sports cars

5. Luxury cars

2. Japan — The annual export trade value of vehicles from Taiwan to Japan in 2024–3.2 billion US dollars

Top 5 variants of vehicles exported

1. Sedans

2. Hatchbacks

3. SUVs

4. Crossovers

5. Minivans

3. Canada — The annual export trade value of vehicles from Taiwan to Canada in 2024–2.7 billion US dollars

Top 5 variants of vehicles exported

1. Vans

2. Two-wheelers

3. Electric Vehicles

4. Sports Cars

5. Luxury Cars

4. Germany — The annual export trade value of vehicles from Taiwan to Germany in 2024–1.9 billion US dollars

Top 5 variants of vehicles exported

1. Scooters

2. E-bikes

3. SUVs

4. Hatchbacks

5. Trucks

5. Australia — The annual export trade value of vehicles from Taiwan to Australia in 2024–1 billion US dollars

Top 5 variants of vehicles exported

1. Fire trucks

2. Police cars

3. Military vehicles

4. Buses

5. Motorcycles

  1. United Kingdom — The annual export trade value of vehicles from Taiwan to the United Kingdom in 2024–987 million US dollars

Top 5 variants of vehicles exported

1. Hybrid cars

2. Convertibles

3. Vans

4. Mini trucks

5. Ambulances

7. France — The annual export trade value of vehicles from Taiwan to France in 2024–765 million US dollars

Top 5 variants of vehicles exported

1. Hatchbacks

2. SUVs

3. Pick-up trucks

4. Crossovers

5. Electric cars

8. Saudi Arabia — The annual export trade value of vehicles from Taiwan to Saudi Arabia in 2024–543 million US dollars

Top 5 variants of vehicles exported

1. Electric Scooters

2. Buses

3. Motorcycles

4. Agricultural Machinery

5. Sedans

9. Thailand — The annual export trade value of vehicles from Taiwan to Thailand in 2024–478 million US dollars

Top 5 variants of vehicles exported

1. Hybrid Vehicles

2. Minivans

3. Pickup Trucks

4. Luxury Cars

5. Sports Cars

10. Vietnam — The annual export trade value of vehicles from Taiwan to Vietnam in 2024–342 million US dollars

Top 5 variants of vehicles exported

1. Sedans

2. SUVs

3. Crossovers

4. Hatchbacks

5. Electric Vehicles

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