October 8, 2004
Taiwan can finally truly call itself the "land of electronics and
IT products." According to statistics from Directorate-General of Budget Accounting and Statistics (DGBAS), electronics,
IT and telecom products trade have surpassed the textiles industry to become Taiwan's biggest source of foreign reserves.
DGBAS' latest statistics, which compile data from Jan. to Aug., show that a trade surplus for electronics,
IT and telecom products totaled
USD 10.8 billion to Taiwan, while the textiles industry brought in a surplus of
USD 6.7 billion. This marks the first time in Taiwan's history that the electronics and
IT industry has served as the largest source of foreign reserves.
The DGBAS statistics also show Taiwan commodity exports were worth a total of
USD 113.5 billion, an increase of 24.9% on the previous year. Electronics,
IT and telecom products earned
USD 34.5 billion, comprising 30.4% of the total; metalware,
USD 11.7 billion, 10.3%; and textiles,
USD 8.4 billion, at 7.4%. The three industries together comprised 48% of all commodity exports.
(United Daily News)
E-mail this page.
Invest in Taiwan
