Who is taiwan greatest trade partner

By the share of total Taiwanese U. Since , there has been a slight increase, possibly related to U. Therefore, the share of overall Taiwanese exports increased to China has been able to secure the capital and technology from all over the world by offering cheap land for factory construction and cheap labor, while extensive government support has also helped Chinese industry to grow rapidly.

Additionally, by there were 14 other countries, besides Taiwan, where China was the largest source of imports, including large economies such as Japan, Australia, the United States, Russia, and South Korea.

The shares of total imports held by imports from the United States, Japan and the European Union fell steadily for some time, before starting to pick up again recently.

The share of total imports deriving from the United States rose from 8. We could further break up U. As different stages of production are regularly taking place in different countries, intermediate inputs cross borders multiple times. As a result, traditional trade statistics cannot reflect the value contributed by any specific country. Table 3 and Table 4 trace value added of U. As we can see from the tables, the valued-added of U.

Taiwan only contributed a tiny share of U. With the global trend in recent years moving towards regional economic integration, countries have been competing to negotiate FTAs. The changes in global trade relationships and the restructuring of the global economy that have resulted from this trend have had far-reaching consequences.

In Asia, the pace of regional integration has been very rapid, and the impact on Taiwan — which is heavily dependent on trade with other parts of the East Asia region — has been significant. These economic complexity rankings use 6 digit exports classified according to the HS96 classification. To explore different rankings and vary these parameters visit the custom rankings section.

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