China takes in 32.2% of Taiwan's exports

However, the BOFT statistics indicate that the economic downturn may have affected two-way trade.

In the first nine months of this year, two-way trade between Taiwan and China amounted to US$60.35 billion, down 29.7 percent from that of the same period last year, statistics showed.

In January-September, cross strait trade accounted for 22. 7 percent of Taiwan's foreign trade in value.

During the nine-month period, Taiwan's exports to China amounted to US$43.45 billion, down 28.6 percent from that of the same period of last year; imports from China were valued at US$16.9 billion, down 32.4 percent year-on year.

In September, Taiwan's exports to China registered a record high for the past 12 months at US$6.14 billion, a slight decrease of 0.3 percent from that of the same month last year.

Imports from China in September were valued at US$2.49 billion, also a single month high for the past 12 months, though a 7.5 percent drop from that of the same month a year ago.

Statistics on export orders released by the Ministry of Economic Affairs show that after months of sluggishness, export orders from China were picking up since July and has been gaining momentum, with month-on-month growth at 2.2 percent in July, 7.3 percent in August, 9.47 percent in September and 19.6 percent in October.

Meanwhile, statistics compiled by China's customs authorities indicate that Japan, South Korea and Taiwan were the three major sources of supplies, with its January-September imports from Japan amounting to US$92.35 billion, from South Korea totaling US$72.55 billion, and from Taiwan valued at US$59.71 billion.

China's customs statistics show that Taiwan remained China's No. 1 supplier of electrical appliances and parts and second largest supplier of optical products and plastics products, although Taiwan's exports to that market dropped by 29.2 percent in value in January-September this year.

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