Taiwan tech devices largest category of exports to U.S. market
The MOEA said that the value of Taiwan's information/communications devices and audio-video products sold to the United States during the 11-month period reached $7.39 billion, accounting for 24.2 percent of Taiwan's total exports to the U.S. market.
During the period, exports to the U.S. of Taiwan's information/communication devices and audio-video products such as smartphones and other handheld gadgets, notebook computers and TVs, rose $260 million or 3.7 percent from a year earlier.
Despite the year-on-year increase in exports in that category, the MOEA said, Taiwan has been faced with escalating competition from its rivals, especially in smartphones, which has pushed down Taipei's sales in recent years.
According to the MOEA, Taiwan's exports to the U.S. in the category hit a peak of $12.85 billion in 2011, accounting for 35.2 percent of Taiwan's total outbound sales to the U.S., but exports in the category fell to $7.75 billion in 2015, making up only 22.4 percent of the total. ■