US is Taiwan’s main export market

  • 📰 DailyExpress_MY
  • ⏱ Reading Time:
  • 32 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 83%

Sabah News

News,Newspaper,Headlines

TAIPEI: The United States has topped long-time leader China as Taiwan’s main export market for four consecutive months due to a surge in demand for microchip products and AI technology, Taipei’s Finance Ministry said Friday.

Self-ruled Taiwan is a microchip-manufacturing powerhouse, churning out the world’s most advanced silicon wafers necessary to power everything from e-vehicles and satellites to fighter jets and increasingly to power AI technology. For two decades, its top export market has been China—which claims Taiwan as part of its territory—but December data from the Finance Ministry shows the United States topping the list for the first time since August 2003.

Those figures exclude Hong Kong, which holds its own status as a customs territory. When combined with mainland tallies, China remains the top destination for Taiwanese goods.A Finance Ministry official in the trade division attributed the recent US tilt to the global “reorganisation of electronics and ICT supply chains, and the popularity of the AI industry”.

A Bloomberg survey of economists had forecast exports to fall just 1.9 percent and imports to rise one percent. He added that comparing Chinese trade over the first quarter of the year instead of a monthly basis “shows a reasonable story about external demand”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beef noodle restaurant in Taipei's Shida Night Market area suffers damageA popular beef noodle restaurant in the busy Shida Night Market area in Taipei saw its shopfront destroyed. The article discusses the author's experience during an earthquake in Taiwan and the need for better preparedness.
Source: staronline - 🏆 4. / 75 Read more »