Taiwan's trade with China is far bigger than its trade with the U.S. | CNBC - Aug. 4, 2022 |

Many large Taiwanese companies in high-tech industries such the world's biggest chipmaker -- Taiwan Semiconductor Manufacturing Co., or TSMC. -- operate factories in mainland China.

Last year, mainland China and Hong Kong accounted for 42% of Taiwan's exports, while the U.S. had a 15% share, according to official Taiwan data accessed through Wind Information.

In all, Taiwan exported $188.91 billion in goods to mainland China and Hong Kong in 2021. More than half were electronic parts, followed by optical equipment, according to Taiwan's Ministry of Finance.

Taiwan's exports to Southeast Asia were even greater than those to the U.S. -- at $70.25 billion to the region, versus $65.7 billion to the U.S., the data showed.
As a source of Taiwan's imports, mainland China and Hong Kong again ranked first with a 22% share. The U.S. only had a 10% share, ranking behind Japan, Europe and Southeast Asia.