6 Facts About Economy Of Taiwan, Latest US-China Flashpoint

Taiwan is a major trading nation with a healthy trade surplus. In the first half of 2022, Taiwan's exports amounted to $246.7 billion, while imports totalled $219.0 billion. The trade surplus stood at $27.7 billion. Interestingly, China (People's Republic of China) which claims Taiwan as part of its territory, is the biggest trading partner of Taiwan. Exports to Mainland China are 40 per cent of total exports. Imports from China a...