In October, Taiwan’s exports to mainland China and Hong Kong fell 9.2 percent from a year earlier, the lowest in nearly 20 months, the Ministry of Finance (MOF) said on Nov. 8. Beatrice Tsai, director-general of the MOF Department of Statistics, said the numbers are indicators of China’s weakening economy. Meanwhile, Taiwan’s trade surplus from…
Taiwan’s Exports to China Hit New Low as Chinese Economy Weakens
November 16, 2022
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Taiwan Sells Nearly Half of Its Exports to China, Reflecting China’s Dependance on Island for Semiconductors
Taiwan’s exports were booming in 2021, especially to China, which accounts for a solid 42.3 percent share of total exports. Taiwan officials have recently revised their 2021 estimate of economic growth from 6.09 percent to 6.28 percent, with both figures hitting an 11-year high. Experts say that Taiwan’s trade surplus with China continues to grow,…
Taiwan Sells Nearly Half of Its Exports to China, Reflecting China’s Dependence on Island for Semiconductors
Taiwan’s exports were booming in 2021, especially to China, which accounts for a solid 42.3 percent share of total exports. Taiwan officials have recently revised their 2021 estimate of economic growth from 6.09 percent to 6.28 percent, with both figures hitting an 11-year high. Experts say that Taiwan’s trade surplus with China continues to grow,…
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