Taiwan’s Automobile Production and Exports Results in 2023

Taiwan’s automobile production in 2023 increased by 8.5% from the previous year to 283,531 units. Production for the domestic market rose 7.5% from the previous year, while exports went up 15.1%. Although production has not exceeded the 300,000-unit level since 2017 due to a decline in exports, it was the highest since 2017. In addition to the Toyota brand, production was particularly driven by the MG brand, whose local manufacturing began in September 2022.