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Taiwan fourth biggest exporter to China: DGBAS

Taiwan fourth biggest exporter to China: DGBAS

Taipei, Aug. 30 (CNA) Exports from Taiwan to China accounted for 8.5 percent of China's total inbound shipment in the first seven moths of 2015, making it the nation's fourth largest importer, the Directorate- General of Budget, Accounting and Statistics (DGBAS) reported on Saturday.
China's top three importers during the period are South Korea (10.1 percent), the United States (9 percent) and Japan (8.6 percent), with Germany (5.4 percent) rounding up the top five, according to a DGBAS report issued on Aug. 25, which cited statistics released by China's General Administration of Customs. In 2004, China's top five importers were Japan (16.8 percent), the European Union (12.5 percent), Taiwan (11.5 percent), the Association of Southeast Asian Nations (11.2 percent) and South Korea (11.1 percent). With the rise of the "red supply chain," a fast-growing cluster of high-tech components cultivated by Beijing, the impact of Taiwan's foreign direct investment in China on bilateral trade has dwindled in recent years and the share of Taiwan's imports fell to 8.5 percent in the first seven months of 2015, compared with 11.3 percent in 2005, the DGBAS said. In the meantime, Japan's imports in China fell to 8.6 percent from 15.2 percent in 2005 and South Korea to 10.1 percent from 11.6 percent, while commodities exporter Australia increased its share from 2.4 percent to 4.6 percent in the same period.
(By Kuo Chung-han)


Updated : 2021-09-24 17:07 GMT+08:00