Taiwan still China's largest electronics supplier
April 7, 2014, 12:02 am TWN
TAIPEI--Taiwan maintained its rank as the largest electronics product supplier to China in 2013, accounting for more than 27 percent of Beijing's total electronics imports, statistics showed.
Last year, Taiwan's electronics shipments to China grew by an annual 37.6 percent to US$83.79 billion, according to Ministry of Economic Affairs (MOEA) statistics.
The 2013 figure made up 27.3 percent of China's total electronics imports, up from 23 percent in 2012 amid warming business ties across the Taiwan Strait.
South Korea was in second place, with US$57.48 billion worth of electronics shipments to China in 2013, which represented an 18 percent annual increase and 18.7 percent of China's total electronics imports.
The MOEA said South Korea has become a major competitor in terms of electronics shipments to China, with its market share rising from 15.2 percent in 2008 to 18.7 percent last year.
Taiwan's market share grew from 20 percent to 27.3 percent over that period, the ministry said.
The six major member states of the Association of Southeast Asian Nations (ASEAN) — Indonesia, Malaysia, Singapore, the Philippines, Thailand and Vietnam — together served as the third largest electronics suppliers to China in 2013, with a 4.8 annual increase in shipments to US$57.35 billion, according to the statistics.
Japan, ranked fourth, supplied US$23.5 billion worth of electronics to China, while the United States shipped US$16.62 billion, the statistics indicated.
The ministry said semiconductors, LED/solar energy products and printed circuit boards were Taiwan's three major categories of electronics exports to China last year, accounting for 96.5 percent of Taiwan's total electronics sales to the mainland.
Semiconductors represented 86.1 percent of Taiwan's electronics exports to China last year, rising by an annual 44.1 percent to US$72.17 billion, the ministry said.
It said Taiwan held a 31.1 percent share of China's total semiconductor imports, remaining the largest integrated circuit supplier in 2013, ahead of South Korea with a 20.5 percent share.
South Korea's IC exports to China rose 20.6 percent year-on-year in 2013 to US$47.58 billion, indicating that it is becoming a growing threat to Taiwan's semiconductor industry, the ministry said.