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Abstract:
The exporting and importing data of this paper were obtained from the public archives of Directorate-General of Budget, Accounting, and Statistics (DGBAS), Ministry of Finance (MOF), and Bureau of Foreign Trade (BFT) of the Republic of China. After analyses, the author found that Asia was the most important trading continent for Taiwan in exporting and importing. From 2014 to 2018, the average exporting values from Taiwan to Asia was accounted for 71.56% of Taiwan's total exporting amount. China was the most important area for Taiwan's exportation in Asia, and China shared an average of 56.48% of exporting values from Taiwan to the 48 countries in Asia. ASEAN (10 nations) became the second largest trading zone for the exporting of Taiwan, and it grabbed 25.43% of the exporting amount to Asia. To scrutinize ASEAN, the most important exporting country was Singapore, and it shared 31.91% of exporting values from Taiwan to ASEAN. As for the importing values, Asia grabbed champion, 58.0%, of the total importing values from the whole world. China again held the pinnacle, with 33.32% of total Asia importing values. Singapore crowned the throne in ASEAN, and it shared 25.83% of the total importing value from ASEAN to Taiwan.
China can be singled out to be the most important trading partner for Taiwan. The exporting values from Taiwan to China increased yearly, and China was accounted for 40.42% of the total exporting values from Taiwan to the whole world. However, the exporting values from Taiwan to China divided by the total importing values from the world to China in ratios (%) dwindling from 20.81% in 1997 to 6.95% in the average ratio of 2015 to 2017. The implication of these numbers means that Taiwan relied more and more on China, whereas the influence from Taiwan to China reduced gradually. The government in Taiwan should think deeply and cannot ignore the impact of mutual trade between Taiwan and China.
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