Sat, Oct 05, 2013 - Page 14 News List

EU imports from Taiwan decline in first six months

Staff writer, with CNA

The EU imported 10.64 billion euros (US$14.5 billion) of Taiwanese products in the first six months of the year, registering a year-on-year drop of 10 percent, a Ministry of Economic Affairs (MOEA) report said yesterday.

Taiwan took a 1.3 percent share of the EU market as a whole, making it the EU’s 18th-largest importer, according to the tallies that were compiled by the MOEA’s Department of Statistics based on data from EU statistics authorities.

The statistics show a declining trend for Taiwan’s market share in the EU over the past five years, from 1.5 percent in 2008 to 1.3 percent last year.

Taiwan has also dropped in the rankings from being the EU’s 13th-largest importer in 2008 to the 18th-largest last year, the data showed.

Among the countries of East Asia, China was the EU’s largest source of imports in the first six months of the year, with a market share of 15.8 percent, followed by ASEAN with 5.6 percent, Japan with 3.3 percent and South Korea with 2.1 percent, according to the MOEA statistics.

Last year, most of the Taiwanese products imported to the EU were mobile phones, integrated circuits (IC), computers and computer peripherals, accounting for more than 20 percent of all EU imports from Taiwan, the report said.

In the first half of the year, Taiwan’s IC market share in the EU reached 13.5 percent, behind ASEAN’s 41.2 percent, but higher than China’s 11.4 percent, the statistics showed.

In terms of value, the EU imported 900 million euros of ICs from Taiwan in the January-to-June period, recording a year-on-year decline of 2.3 percent.

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