July 20, 2005
Taiwan's total annual trade volume rose 26% to reach
USD 349.3 billion in 2004, earning it a fifteenth place ranking globally, according to World Trade Organization statistics released by the Directorate-General of Budget, Accounting and Statistics. This means the little nation of Taiwan accounted for 1.9% of the value of all global imports and exports last year.
The figures reveal that Taiwan ranked fifteenth for its export volume, which hit
USD 181.4 billion, and fifteenth for its import volume, which reached
USD 167.9 billion. In 2003, the nation placed fifteenth for exports and sixteenth for imports.
The total value of global trade climbed 21% to
USD 18.6 trillion in 2004. The United States, with an annual trade volume of
USD 2.3 trillion, accounted for the largest portion of global trade.
Taiwan's fellow Asian Tigers Hongkong, South Korea and Singapore ranked eleventh, twelfth and sixteenth respectively.
(Central News Agency)
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