Tue, Sep 17, 2013 - Page 14 News List

Taiwan maintains market share of imports in the US

SETTING THE PACE:China remained the largest import supplier to the US, and has witnessed its market share more than double since 2001

By Helen Ku  /  Staff reporter

Taiwan remained the 11th-largest source of US imports in the first half of the year, accounting for a 1.7 percent share, the Ministry of Economic Affairs said yesterday in a statement, citing US Customs and Border Protection data.

TOTAL SHIPMENTS

However, total Taiwanese shipments to the US contracted 2.4 percent to US$18.6 billion during the first six months from the same period last year, the ministry said.

China was still the largest import supplier for the US over the same period, with a market share of 18.3 percent. That compared with Japan’s 6.2 percent and South Korea’s 2.8 percent, the ministry said.

In the past 12 years, Chinese products have seen their US market share increase to 18.7 percent from 9 percent in 2001, driven mainly by the rapid growth of Chinese information and communication products and electronic exports in that period, the ministry said.

MARKET SHARE

By comparison, the US’ share of Taiwanese imports shrank to 1.7 percent last year from 2.9 percent in 2001, while that of Japanese goods fell to 6.4 percent from 11.1 percent and that of South Korean products dropped to 2.6 percent from 3.1 percent, the ministry’s report showed.

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