Tech devices account for 46% of Taiwan’s total exports, a new high

  • High-tech devices made up 46% of Taiwan’s total exports in the first 10 months of 2017, the highest percentage of all products shipped abroad from the country, according to the Ministry of Finance (MOF).
  • During the 10-month period, Taiwanese exporters benefited from the launch of new models by international mobile device brands as well as innovations in the Internet of Things and automotive applications, the MOF said.
  • Many Taiwanese tech firms are part of the global supply chain of multinational brands. More importantly, many Taiwanese companies are also suppliers to Apple Inc.
  • As a result, the MOF said, outbound sales in high tech devices from Taiwan rose 14.4% from a year earlier in the 10-month period, a higher growth rate than the 13% y/y growth for all exports in the same period.
  • Among the exported tech devices, semiconductors accounted for 62.6% of the total, followed by other items such as flat panels, wireless transmission devices and mobile phones which made up 4.8% to 5.7% of the mix, the MOF said.
  • The MOF said high-tech devices have weighed more and more in Taiwan’s exports in recent years. Such items accounted for 39.5% of the country’s total exports in 2012, but the ratio has been on the rise to 40.8% in 2013, 41.9% in 2014, 43.5% in 2015, and 45.6% in 2016.
  • While the local high tech sector enjoyed rising outbound sales, the MOF sounded a word of caution, saying that there have been signs that Taiwan has depended too much on exports of electronics and information/communication technology products.

External Link :