Trade between Taiwan and mainland down 8.2% in H1
By Kathryn Chiu ,The China Post
July 31, 2014, 12:00 am TWN
TAIPEI, Taiwan -- Trade between Taiwan and China hit US$92.82 billion in the first six months of this year, down 8.2 percent from the same period in 2013, China's Ministry of Commerce (商務部) said on Wednesday.
Taiwan is the mainland's seventh-biggest trade partner and sixth-biggest import source, with US$92.82 billion accounting for 4.5 percent of China's total trade value, the ministry said.
According to the ministry, the mainland's exports to Taiwan dropped 0.2 percent year-on-year to US$20.97 billion during the period. Imports from Taiwan totaled US$71.85 billion, down 10.2 percent year-on-year.
Trade between Taiwan and China in June decreased 4.6 percent from the previous month to reach US$16.53 billion, data showed. However, trade between the two sides in May increased by 2.9 percent from the previous month to reach US$17.32 billion, the data showed.
In June, the mainland's exports to Taiwan plunged 12.4 percent to US$3.89 billion while imports from Taiwan slipped 1.9 percent to US$12.64 billion.
As of the end of June, mainland China approved the accumulation of 91,068 projects since the 1980s involving investment from Taiwan. Accumulated investment from Taiwan totaled US$60.45 billion, a 4.2-percent share of total foreign direct investment.
In the first half year, China approved 1,050 projects involving investment from Taiwan, up 6.8 percent year-on-year. Investment from Taiwan totaled US$1.32 billion, up 4.8 percent year on year.