Taiwan is an island in East Asia. The main island of Taiwan, also known as Formosa, is located in East Asia off the coast of mainland China. It is bound to the east by the Pacific Ocean, to the south by the South China Sea and the Luzon Strait, to the west by the Taiwan Strait and to the north by the East China Sea.

Taiwan has significant coal deposits and some insignificant oil and gas deposits. Nearly all oil and gas for transportation and power needs must be imported, making Taiwan particularly sensitive to fluctuations in energy prices. Taiwan also imports machinery, electrical equipment, minerals, and precision instruments.Its major exports are computers, electrical and electronic equipment, metals, textiles, plastic and rubber products, and chemicals.

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