Taiwan’s Exports to US Reach New Heights as China’s Influence Declines

Taiwan’s export landscape has shifted significantly in the first four months of 2024.
Taiwan’s Exports to US Reach New Heights as China’s Influence Declines
Cargo ships are seen at a harbour in Keelung, Taiwan, on Aug. 07, 2022. Annabelle Chih/Getty Images
Shawn Lin
Sean Tseng
Updated:
0:00

Taiwan’s exports to China are steadily decreasing as Taiwanese capital and businesses gradually move away from China. In contrast, Taiwan’s exports to the United States have risen significantly, according to statistics from Taiwan’s government.

On May 8, Taiwan’s Ministry of Finance (MOF) announced preliminary customs export statistics for April. For the first time, monthly exports to the United States surpassed the $10 billion mark, reaching $10.16 billion, an increase of 81.6 percent year-on-year. Taiwan’s trade surplus with the United States amounted to $6.38 billion, setting new records in all three categories for a single month.

Shawn Lin is a Chinese expatriate living in New Zealand. He has contributed to The Epoch Times since 2009, with a focus on China-related topics.