Taiwan Economy 2020

Taiwan just appeared on the WHO Covid19 list.  It is a prosperous island off the coast of China.  Taiwan data is below.

Land area 13,974 square miles (size of Florida)

Population 23.5 million

Nominal GDP $730 billion

Per Capita GDP $30981

Debt to GDP 35.5%.

Industries: Electronics, communications and information technology products, petroleum refining, chemicals, 

textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, 

pharmaceuticals

Agricultural: Rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish

Natural: Small deposits of coal, natural gas, limestone, marble, and asbestos

Exports $345.3B

semiconductors, petrochemicals, automobile/auto parts, ships, wireless communication equipment, flat display displays, steel, electronics, plastics, computers, sold to China 29.7%, Asian countries 15.4%, US 14.6%, Hong Kong 14.2%, Japan 6.8%, EU 6.6%, others 12.7%.

Imports 286.5B

oil/petroleum, semiconductors, natural gas, coal, steel, computers, wireless communication equipment, automobiles, fine chemicals, textiles, bought from China 22.2%, Japan 16.0%. Asian countries 12.5%, US 11.4%, EU 10.1%, S Korea 7.2%, others 20.6%.

https://en.wikipedia.org/wiki/Economy_of_Taiwan

https://en.wikipedia.org/wiki/List_of_companies_of_Taiwan

Comments

The relationship between Taiwan and China is conflicted with high levels of trade, Chinese companies in Taiwan and China’s stated goal to absorb Taiwan.

Norb Leahy, Dunwoody GA Tea Party Leader