Taiwan is a trade surplus country, that is, this country is exporting more than importing. Taiwan’s largest trade partner is China
How big is Taiwan’s economy
Russia Ukraine crisis is far from over. On the other hand between China and America Taiwan The crisis has deepened. China is infuriated by the visit of US Senate Speaker Nancy Pelosi and has started maneuvers close to Taiwan. At the same time, America has also deployed its warship in the area to keep an eye on the situation. In fact, China considers Taiwan as its territory, while on the other hand, Taiwan describes itself as an independent country. Taiwan’s economy has also seen rapid growth in recent days. Due to which Taiwan is trying to speed up its pace with America and Europe by separating itself from China, in the midst of this crisis, know how big Taiwan’s economy is in itself.
What are the characteristics of Taiwan economy
Taiwan is one of those economies of the world which are in profit or trade surplus in international trade. Trade surplus is a situation when a country exports more than it imports. Taiwan’s exports were worth $246 billion in the first 6 months of 2022. Whereas imports were at the level of $219 billion.