(WIPO code: TW) (last revised January 2023)

by TIPLO -TAIWAN INTERNATIONAL PATENT & LAW OFFICE, Taipei - Mr. J. K. Lin

General Information

Area

36,197 sq. km.

Population

23,212,056 (October 2022).

Capital

Taipei.

Language

Mandarin (official).

Currency

New Taiwan dollar (NT$); 31.969 NT$ = 1 U.S. dollar (October 2022).

GDP

In 2021 GDP was U.S.$ 774.942 billion; per capita income was U.S.$ 33,011.

Total imports

(2021) U.S.$ 381.494 billion.

Total exports

(2021) U.S.$ 446.379 billion.

General Remarks

Primarily an export-driven economy, which achieved remarkable growth during the 1980s, Taiwan is now moving towards more technological and capital-based industry and seeking to expand its domestic market.

As a result of the large trade surpluses and foreign exchange reserves, the government has liberalized currency controls and has reduced tariff rates to stimulate imports. Further liberalization, especially in the areas of foreign banking, securities, and insurance is expected.

 

Statistics (2021) Filed Granted
Patent applications 72,613 59,478
Trade/service mark applications 95,917 81,460