Taiwan

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Our relationship with Taiwan

While we do not maintain diplomatic relations with Taiwan, we do have a vibrant trading, economic and cultural relationship. We’re both members of APEC, the World Trade Organisation (WTO), a number of fisheries conventions and the Asian Development Bank. Taiwan is an important source of imports, tourism and investment, and an important export market for New Zealand.

As well as trade, we enjoy extensive people-to-people links. There are employment opportunities for New Zealanders in Taiwan, particularly in teaching, and the number of art and cultural exchanges is growing. Many Taiwanese have migrated to New Zealand since the 1990s, and we have a particularly strong Taiwanese population in Auckland. Tourism, education and business links have strengthened since a three-month visa waiver was introduced in November 2009.

Trade

Taiwan is our 8th-largest export market and 16th-largest source of imports. Our dairy, meat, fruit, seafood and forest products are very popular with the Taiwanese and we’re their largest supplier of dairy products.

New Zealand has an agreement on Economic Cooperation with the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu which was signed in 2013. Tariffs are being rapidly eliminated, opening up significant trading opportunities.

Find out more information about New Zealand's agreement on Economic Cooperation.(external link)

Economic 2021 (April)

Source: https://www.dgbas.gov.tw/mp.asp?mp=1

Population 23.5 million
GDP US$747 billion
Real GDP growth 8.16%
GDP per head (US$ at PPP) US$30,981
Goods exports US$349 billion
Goods imports US$287 billion
Current account balance US$25.9 billion
Inflation 2.09%
Government debt (%GDP) 29.17%
Unemployment rate 3.64%

Goods trade year ending April 2020 (NZD)

Two-way trade $2.12 billion (+2%) New Zealand's 7th largest goods trading partner
Exports to Taiwan $1.22 billion (-3.57%) Top exports: dairy ($1223m, -3.57%), meat ($439m, -4.60%), fruit ($277m, +11.98%), wood ($66m, +14.89%)
Imports from Taiwan $899 million (+5.65%) Top imports: electrical machinery ($164m, +25.52%), reactors/boilers ($126m, +8.11%), vehicles ($99m, -3.43%), plastics/articles ($98m, -3.43%)

Services trade March 2020

(Due to COVID-19 border restrictions, the latest update is for March 2020)

Services trade New Zealand exports: $282 million
Services imports: $81 million
Taiwan visitor arrivals 19 (-98.4%) of which 6 were visiting friends/relatives
New Zealand visitor departures 40 (-92.9%) departures to Taiwan
Taiwanese international students in New Zealand Nil

Working Holiday Scheme

New Zealanders aged between 18 and 30 can apply for a 12-month working holiday visa for Taiwan.

To apply, you can go to the Taipei Economic and Cultural Office in either Auckland or Wellington.

For more information, read the Taipei Economic and Cultural Office website(external link).

Representation

New Zealand does not have an embassy in Taiwan and Taiwan does not have an embassy in New Zealand. Trade and cultural interests are supported by the following offices:

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