(WIPO code: TW) (last revised December 2020)

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

General Information

Area

36,197 sq. km.

Population

23,566,471 (October 2020).

Capital

Taipei.

Language

Mandarin (official).

Currency

New Taiwan dollar (NT$); 28.93 NT$ = 1 U.S. dollar (October 2020).

GDP

U.S.$ 610.872 billion; per capita income was U.S.$ 25,893 (2019).

Total imports

(2019) U.S.$ 285.651 billion.

Total exports

(2019) U.S.$ 329.157 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 (2019) Filed Granted
Patent applications 74,652 57,887
Trade/service mark applications 86,794 70,785