Taiwan trade volume 結果共5筆

Taiwan’s economy is set to grow over 4% in 2024, driven by AI, says Minister Liu Chin-ching. U.S. trade policies may boost growth, but uncertainties remain.

Honduras’ shrimp exports drop nearly 25% in 2024, marking a historic decline. The loss of the Taiwanese market after a diplomatic break is a key factor.

Chen Mu-min, the Deputy Representative to India, highlights the strengthening of Taiwan-India relations through increased cooperation in trade, investment, education, and technology. He emphasizes India’s growing political influence as beneficial for Taiwan’s international engagement and notes the expansion of Taiwan Education Centers in India, alongside a rise in Indian students and researchers visiting Taiwan. The reorganization of the global supply chain is seen as a driving force behind Taiwanese manufacturers moving to India, promising a boost in trade volume between the two nations.

Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.

Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.