By: Huang Li-yun and Frances Huang
Taipei, Dec. 26 (CNA) Taiwan-made information/communications and audio-video products served as the largest category of exports to the U.S. market during the first 11 months of this year, the Ministry of Economic Affairs (MOEA) said Monday.
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 US$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 US$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. [FULL STORY]