Taiwan Moves Up One to 16th Among Global Exporters in First Half

Based on data from the WTO, the Bureau of Foreign Trade (BOFT) in Taiwan says that most Asian countries fared well in export performance in the first half, with China remaining world’s No. 1 and Taiwan advancing one notch to No. 16.

In the same period South Korea, Taiwan’s major trade rival, rose to 7th from 2009`s 9th despite its 12th place in 2008.

In 2000 Taiwan ranked 14th and has been on a downtrend ever since, dropping to 18th in 2008, climbing to 17th in 2009, and then in the first half of this year rising one position to 16th.

BOFT believes that Taiwan will very likely exceed Spain and Mexico, which lead Taiwan in exports, in the next one or two years driven by improving economic environment after having signed the ECFA with China. In the first six months of this year Taiwan’s exports reached US$131.9 billion for a sizable year-on-year growth of 49.1%, with such value already exceeding that of Spain and only lagging Mexico by US$9.3 billion.

In the Jan.-June period, the world`s top five exporters were in sequence China, the United States, Germany, Japan, and Holland.

Global Export Ranking of Asian Economies
Taiwan S. Korea Singapore Hong Kong China Japan
First half of 2010 16 7 14 13 1 4
2009 17 9 14 11 1 4
2008 18 12 14 13 2 4

Source: BOFT & WTO
(by Judy Li)

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