Supply Chain Restructuring Effects! Domestic Production Ratio of Export Orders to Mainland China and Hong Kong Hits All-time Low, ASEAN Production Ratio Continues to Rise to New High

Reported 9 months ago

The Ministry of Economic Affairs in Taiwan recently released statistics from its annual export order survey, revealing that due to factors such as the US-China trade war prompting supply chain restructuring and Taiwanese businesses expanding into new southern markets, the domestic production ratio of export orders in 2023 reached 49.1%, the highest in 11 years, while the production ratio in Mainland China and Hong Kong dropped to 37.8%, the lowest since the survey began. The ASEAN production ratio also increased to 7%, setting a new record. These changes reflect a trend towards diversification and localization in supply chain production.

Source: YAHOO

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