Taiwan
 

Ihre Berater der Handelskammer

Na Shi

+352423939364

Georgia Kossmann

+352 42 39 39 357

Kontaktieren Sie uns: asia@cc.lu

Kennzahlen

Fläche

35,980 km2

Bevölkerung

23,402,795 (November 2024)

Regierungsform

semi-presidential republic

Sprachen

Mandarin Chinese (official), Taiwanese (Min Nan), Hakka dialects, approximately 16 indigenous languages

BIP

PIB $1.7 trillion (2023)

Wachstumsrate

3.43% (2024)

HDI

N/A

Hauptstadt

Taipei

Makroökonomische Indikatoren

Overview

Taiwan’s economic strength lies in its innovation, industrial efficiency, and global trade networks. As one of the world's leading high-tech hubs, Taiwan continues to drive advancements in semiconductors, AI, and digital industries. Its strategic partnerships with economies like Luxembourg create opportunities for enhanced collaboration in finance, technology, and logistics, making it an attractive partner for future economic growth.

With strong trade figures, a well-established technological ecosystem, and a focus on sustainability, Taiwan remains an essential player in the global economy and a valuable partner for Luxembourg’s economic and industrial ambitions.

The Taiwanese economy is primarily driven by:

Technology Industry: The country is a global leader in semiconductor manufacturing, with Taiwan Semiconductor Manufacturing Company (TSMC) accounting for over 50% of the world’s semiconductor foundry market.
Manufacturing and Electronics: Taiwan produces around 90% of the world's high-end semiconductor chips, as well as communication equipment, LCD panels, and precision machinery.
Service Sector: Financial services contribute to over 60% of Taiwan’s GDP, including banking, insurance, and international trade.
Agriculture: Although agriculture accounts for only 1.8% of GDP, Taiwan exports significant amounts of rice, tea, tropical fruits, and seafood.

Source: The CIA World Factbook - Taiwan

Key trade partners

Taiwan is a member of the Asian Development Bank (ADB), the World Trade Organization (WTO), and the Asia-Pacific Economic Cooperation (APEC). Taiwan is also an observer at the Organisation for Economic Co-operation and Development (OECD) and International Energy Agency (IEA) as Member under the acronym of Chinese Taipei, and a member of International Chamber of Commerce as Chinese Taipei. Taiwan signed Economic Cooperation Framework Agreement with People's Republic of China on 29 June 2010. Taiwan has also signed free trade pacts with Singapore and New Zealand. Taiwan applied for the membership in the Asian Infrastructure Investment Bank in 2015.

Taiwan maintains a strategic position in global trade, with key trade partners including:

• China (including Hong Kong): 38% of total exports
• United States: 15%
• Japan: 7%
• European Union: 9%
• South Korea: 6%

The island imports raw materials, energy products, and electronic components while exporting semiconductors, electronic devices, and machinery. The government actively promotes policies to enhance innovation, digital transformation, and sustainability initiatives, particularly in renewable energy and green technologies.

Source: https://www.taiwan.gov.tw/content_7.php

IMF Statistics:

Source: IMF Statistics

Luxemburg und das Land

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

• Convention from 19.12.2011 (Memorial 2014, A No.123, p.1770)
• Effective as of 01.01.2015 (Memorial 2014, A No.123, p.1770)

Cooperation between Taiwan and Luxembourg continues to develop in depth and across scopes. In recent years, the two countries have signed agreements and MOUs on the avoidance of double taxation and prevention of fiscal evasion, financial supervision and management, education, air transportation, and youth working holidays. They also take turns to hold meetings of the Taiwan-Luxembourg Joint Business Council, co-hosted by Luxembourg Chamber of Commerce and Chinese International Economic Cooperation Association (also known as CIECA) https://www.cieca.org.tw/en/ which has expanded bilateral industrial dialogue to cover such emerging areas as green energy, smart city, mobility, ICT, and the digital economy.

Source: Administration des contributions directes

Weitere Informationen

Foreign Trade 

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Taiwan

Luxembourg Trade and Investment Office Taipei

Mr Lex Kaufhold, Executive Director

Suite 1812, 18 F
No. 333, Sec. 1 Keelung Road
Taipei 11012
Taiwan

Tel.: (+886) 2 2757 6007
E-Mail: ltio.taipei@mae.etat.lu

Website: www.investinluxembourg.tw

Source: Ministry of Foreign Affairs of Luxembourg

Country risk as defined by Office du Ducroire for Taiwan:

• Previous 2
• Current Prevailing 2

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Taiwan

 Other resources

1. Taiwan Ministry of Economic Affairs (www.moea.gov.tw)
2. Taiwan Central Bank (www.cbc.gov.tw)
3. Taiwan Semiconductor Manufacturing Company (www.tsmc.com)
4. National Statistics Taiwan (www.eng.stat.gov.tw)
5. World Bank - Taiwan Economic Data (www.worldbank.org)
6. European Commission - Trade Relations with Taiwan (www.ec.europa.eu)

Other useful links

• CIA World factbook on Taiwan
• Taipei Representative Office in the European Union and Belgium
• Invest in Taiwan
• Taiwan sur le site de l'AWEX
• Chambre de Commerce et d'Industrie France-Taiwan
• Taipei Times
• Doing Business in Taiwan
• Economic Freedom Index - Taiwan
• Das ist Taiwan
• Taiwan International Trade Shows: https://www.taiwantradeshows.com.tw/en_US/index.html
• European Chamber of Commerce Taiwan: https://www.ecct.com.tw/

Die Handelskammer und das Land