72777 World Trade Indicators 2009/10 Taiwan, China: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $391,341 $17,019 1.45% $24,349 No 2002 2 2 TRADE PERFORMANCE‡ Taiwan HI non- Ranking Decile OECD High inc TRADE POLICY (TP) (out of 125) 20 2 EXTERNAL ENVIRONMENT (EE) (out of 125) 69 6 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 46 3 TRADE FACILITATION (TF) (out of 155) 20 2 TRADE OUTCOME (TO) (out of 157) 144 10 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) .. 3.8 3.8 * TTRI (applied tariff including preferences) .. 3.8 3.8 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. .. .. MFN applied tariff - simple avg (%) 8.4 8.1 6.4 6.3 TTRI (MFN) Dispersion (coefficient of variation) 1.4 2.7 2.6 2.7 Maximum rate (excl. alcohol and tobacco) .. .. 471.8 516.7 Agriculture - simple avg (%) 19.1 20.2 17.7 17.9 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 6.7 6.2 4.6 4.5 MFN applied tariff - trade weighted avg (%) 5.1 3.6 2.5 2.3 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 5.1 3.6 2.5 2.3 Agriculture 17.2 13.6 11.7 11.8 Import duties Nonagriculture 4.5 3.1 2.0 1.9 Applied tariff (incl. prefs.) - production weighted avg (%) .. 4.8 4.4 * 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) .. -5.4 -5.3 * Taiwan HI non-OECD High inc Agriculture .. .. -0.7 -1.0 Nonagriculture .. .. -0.9 -0.3 Import duties (% of imports) .. .. .. .. Tariff overhang (MFN bound minus MFN applied rate,%) -2.8 -2.5 0.2 0.3 GATS commit. Bound tariff frequency ratio (% of total lines) 99.9 100.0 100.0 100.0 * index Non-ad valorem tariff frequency ratio (%) 0.0 0.3 1.8 1.8 Non-tariff measures frequency ratio (%) .. 43.5 .. .. 0 40 80 Anti-dumping initiations 5.2 3.4 1.3 0.0 Taiwan HI non-OECD High inc Overall GATS commitment index (0-100, best) .. .. .. EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 3.3 3.3 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 9.8 9.9 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 6.2 4.2 2.9 2.7 ROW applied(wgt avg) Agriculture 19.1 8.9 7.6 7.7 Nonagriculture 5.9 4.2 2.9 2.6 MFN zero duty exports (%) MFN zero-duty exports (% of total exports) 29.0 49.8 59.7 56.4 * Exports to FTA / CU partners (% of total exports) 45.8 58.5 30.5 0.0 Taiwan 0 HI non-OECD High inc 1 Anti-dumping initiations faced 12.8 16.4 10.8 10.0 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) -2.8 -1.1 -1.8 -4.2 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 58 61 46 Ease of Starting a business (rank) .. 108 119 29 Doing 160 Business Enforcing contracts (rank) .. 87 89 90 Rank Closing a business (rank) .. 13 11 11 80 World Governance Indicators (WGI) 2005 2006 2007 2008 Taiwan Regulatory Quality (-2.5 to +2.5, best) 1.08 0.92 0.94 1.07 HI non-OECD Rule of Law (-2.5 to +2.5, best) 0.89 0.71 0.69 0.77 High inc 0 Control of Corruption (-2.5 to +2.5, best) 0.85 0.67 0.48 0.55 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.6 3.7 Efficiency of customs and other border procedures .. .. 3.3 3.4 Quality of transport and IT infrastructure .. .. 3.6 3.6 Logistics Performance Ease of arranging competitively-priced shipments .. .. 3.7 3.6 Index Logistics competence .. .. 3.6 3.7 Ability to track and trace shipments .. .. 3.6 4.0 0 2 4 Timeliness of shipments .. .. 4.2 4.0 Taiwan HI non-OECD High inc Trading Across Borders (Doing Business, rank out of 183) 34 33 No. of documents required for export .. .. 7 7 200 No. of days required to export .. .. 13 13 160 Cost to export (US$ per container) .. .. 750 720 120 No. of documents required for import .. .. 7 7 80 No. of days required to import .. .. 12 12 40 Cost to import (US$ per container) .. .. 753 732 0 Telephones (fixed + mobile) per 100 people 67.3 159.9 166.8 172.6 Trading Across Borders Rank Internet users per 100 people 9.4 43.4 63.0 65.9 Taiwan HI non-OECD High inc Export credit insured exposures - short term (% of goods export) .. 16.6 22.4 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 8.4 8.3 4.7 -1.8 Real Trade Growth Rate 10 9.1 Exports 8.6 9.3 6.7 0.0 8 8.7 8.4 8.3 7.8 8.1 6.6 6.7 Imports 8.2 7.2 2.3 -4.0 6 4.7 4 Goods 8.4 8.2 3.3 -6.4 3.4 2.7 2 Services 4.6 6.8 1.5 -5.2 0 Nominal growth in trade of goods and services (%) 5.7 9.3 8.5 5.8 -2 1995-99 2000-04 2005-07 2008 -1.8 -4 Exports 5.9 9.0 8.6 3.9 Imports 5.6 9.6 8.4 7.9 Taiwan HI non-OECD Trade integration (trade as % of GDP) 91.7 105.4 133.9 143.1 High inc Goods balance (% GDP) 4.8 6.5 6.2 4.7 Export Composition (2005-08) Food balance (% GDP) -1.0 -1.1 -1.4 -1.6 Service, Services balance (% GDP) -2.8 -1.4 -1.0 -0.2 11.5 Agric, 1.8 Goods share of total exports (%) 87.8 87.0 88.5 88.3 Minral, 1.9 Services share of total exports (%) 12.2 13.0 11.5 11.7 Goods exports as a share of world goods exports (rank)** 14 15 18 18 Fuels, 4.5 Services exports as share of world services exports (rank)** 20 23 26 29 Foreign Direct Investment (FDI) inflows (% of GDP) .. .. .. .. Total remittances inflows (% GDP) .. .. .. .. Export product concentration index (0-100, most) 13.3 15.7 17.3 19.0 * Manufac, 79.8 Export market concentration index (0-100, most) 36.2 33.8 31.9 31.6 Top 5 export markets (shares) China, People's Rep. of (31%), USA (12%), China, People's Rep. of: Hong Kong (10%), Japan (7%), Singapore (5%) Top 5 import markets (shares) Japan (20%), China, People's Rep. of (13%), USA (11%), Korea (6%), Saudi Arabia (6%) Top 5 export products (SITC 3 digit-shares) 776-Valves (19%), 334-Hvy petrol. (7%), 871-Optical instru n.e.s. (7%), 778-Elecl eqpt n.e.s. (5%), 764-Telecom eqpt (4%) Top 5 import products (SITC 3 digit-shares) 333-Petrol, crude (14%), 776-Valves (13%), 334-Hvy petrol. (5%), 321-Coal (3%), 728-Indus machn n.e.s. (3%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.