Taiwan’s exports to Southeast, South Asia rise: DGBAS
Jun 02, 2017MarketComments Off on Taiwan’s exports to Southeast, South Asia rise: DGBAS
Taipei--Taiwan's exports to Southeast Asia and South Asian countries have seen significant growth since the government's New Southbound Policy came into force last year, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said Friday.
Based on data compiled from January to April, exports to the Association of Southeast Asian Nations (ASEAN), as well as India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, Australia, and New Zealand, totaled US$21.14 billion, an increase of 15.6 percent over the same period last year.
Exports to the 10 ASEAN members accounted for 87.1 percent of the total exports and saw a 17 percent rise over the same period last year.
The second largest group of export destinations was the six countries in South Asia, which stood at 7.7 percent of the total from January-April, followed by Australia and New Zealand, which accounted for 4.5 percent and 0.7 percent, respectively.
Exports to these countries also witnessed sizeable growth over the same period last year, with South Asia witnessing an 8 percent rise, while shipments to Australia and New Zealand posted 3.6 percent and 14.7 percent growth, respectively.
According to the DGBAS, electronic goods components alone accounted for 35.8 percent of the total exports to the targeted countries, followed by 11.5 percent for mineral material, 9.3 percent for base metal products, 7.5 percent for plastics and rubber items, and 6.9 percent for machinery products.