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Taiwan-China trade up 16.2% in 10 months

Taiwan-China trade up 16.2% in 10 months

Bilateral trade between Taiwan and China in the 10 months to October rose 16.2 percent to US$72.47 billion, reflecting increased cross strait exchanges, the Board of Foreign Trade said yesterday.
The figure accounted for 20.5 percent of Taiwan's total external trade during the period, compared with 19.8 percent a year earlier, it said.
For the January-October period, Taiwan registered a trade surplus with China of US$31.75 billion, up 7.5 percent, as exports to the mainland rose 13.4 percent to US$52.11 billion and imports were up 24.0 percent at US$20.36 billion.
The 10-month shipments to mainland China accounted for 28.2 percent of Taiwan's total exports during the period, compared with 28.3 percent a year earlier, it said.
Imports from China comprised 12.1 percent of the island's total, up from 10.8 percent, it added.
The mainland has been Taiwan's biggest market, replacing the United States, since the end of 2001.
Since 2002, China has been Taiwan's largest overseas investment site accounting for more than 50 percent of the island's total foreign investment.
Trade and other exchanges between the two sides are mostly conducted through third parties, mainly Hong Kong, in the absence of formal links between the rivals.


Updated : 2021-02-26 01:41 GMT+08:00