Taiwan has a capitalist economy, which means that privately-owned companies decide on production techniques and operate to earn a profit. Banks and industrial companies that were previously owned by the state are now also privately owned.
The economy of Taiwan is the 19th largest in the world in terms of purchasing power parity. It is considered an advanced economy by the International Monetary Fund and has the highest Global Entrepreneurship Index in Asia. Additionally, it ranks as the 5th largest economy in the region of Asia.
In 2018 Taiwan imported a total of $263B, making it the number 19th trade destination in the world.
In 2018 Taiwan exported a total of $357B, making it the number 14th exporter in the world.
Taichung Int'l Tea, Coffee and Bakery Show (TITCBS)
Date : 20-07 July 2020.
Place : Taichung, Taiwan.
Healthcare & Medical Cosmetology Expo (Bio Taiwan)
Date : 26-07 July 2020.
Place : Taipei, Taiwan.