Reported 7 months ago
According to the Ministry of Finance, Taiwan's import market share in ASEAN has increased to 7.7% in the first quarter of this year, ranking second after mainland China with a share of 24.2%. Taiwan's close cooperation with ASEAN in industries like electronics and telecommunications has led to deepening trade ties, with exports to ASEAN increasing by 41% over four years. Notably, exports to Malaysia, Singapore, and Thailand saw significant growth. The article also highlights how Taiwan's exports to ASEAN, driven by AI applications and supply chain relocation, have increased by 21.1% in the first five months of this year, outpacing overall export growth at 9.1%.
Source: YAHOO