Taiwan's export dependence on China drops to 22-year low

China's economic slowdown, shifting supply chains narrow share of exports

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Cranes wait to pick up containers at Taiwan's Port of Kaohsiung. (Photo by Hideaki Ryugen)

HIDEAKI RYUGEN, Nikkei staff writer

TAIPEI -- China accounted for 30.7% of Taiwan's exports for the first four months of the year, nearing a low last seen more than two decades ago for the island's biggest trading partner.

Exports to China fell 3.7% on the year to $45.3 billion in January-April goods trade data released Wednesday by the Ministry of Finance here. Hong Kong is counted as part of China.

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