Darson Chiu News Today

Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.

Mainland China is seeking to further integrate with Taiwan economically after Taiwanese approved investments fell to a 22-year-low in 2023.

Taiwan’s exports expanded for a third straight month in January, with shipments of electronic components rising by 7.5 per cent compared to a year earlier.

December was not kind to Taiwanese manufacturers, and for all of 2023 the island’s export orders shed 15.9 per cent, year on year, to US$561 billion.

Mainland China uses import bans and economic ties to send political message to Taiwanese voters while businesses on the island look to sell products elsewhere as they brace for worsening cross-strait tensions.

Taiwan’s exports rose by 3.4 per cent in September, year on year, to US$38.81 billion, data released on Wednesday showed, amid increased demand for semiconductors for generative artificial intelligence use.

Orders for Taiwanese goods in August declined by 15.7 per cent, year on year, but tech sales are expected to get a boost through the holiday season.

Taiwan’s exports fell by 7.3 per cent in August, year on year, to US$37.36 billion, but this was the mildest decline over the past year, data released on Friday showed.

Bringing Taiwan to the World and the World to Taiwan

Taiwan can lead APEC in its pursuit of net-zero emission by fostering interconnectedness, innovation and inclusiveness writes Darson Chiu (TIER)