America overtook China as Taiwan's biggest export market
Taiwan's goods exports by destination, share of the total, 2020 and 2025; China includes Hong Kong.
- 1. Mexico, not China, now sells America the most goods
- 2. China's ASEAN trade is now almost double its US trade
- 3. Central banks now hold more gold than Treasuries or euros
- 4. China now pays the world mostly in yuan
- 5. Migrants now send home four times all foreign aid
- 6. Tether now holds more US Treasuries than the UAE
- 7. Developing countries' interest bill has nearly tripled since 2010
- 8. America's duty-free parcels grew almost tenfold in nine years
- 9. Poles edge past the Japanese in income per person
- 10. In dollars, Nigeria's economy has more than halved since 2014
- 11. Argentina's monthly inflation fell from 25.5% to 1.9%
- 12. Guyana now produces more per person than America
- 13. Mexico's factories now outproduce Britain's and France's
- 14. Ukraine received four times the aid of any other country
- 15. The UAE sold more goods abroad than France in 2025
- 16. Singapore now draws twice as much foreign investment as China
- 17. The EU now buys more US gas than Russian gas
- 18. Malaysia again sells more to America than to China
- 19. 22 governments now owe more than a year's national output
- 20. Brazil mines 93% of the world's niobium
- 21. More Vietnamese now work in industry than on farms
- 22. Money sent home to Guatemala nearly quadrupled in ten years
- 23. In purchasing power, Russia's economy is now bigger than Japan's
- 24. Indonesia set to use more palm oil than it exports
- 25. Factories now make more of Cambodia's economy than China's
- 26. China now buys more from Brazil than from Germany
- 27. Kazakhstan now sells Russia more than Germany does
- 28. China fell to third among America's suppliers in 2025
- 29. Colombians abroad now send home more than foreigners invest
- 30. 72 countries now pay China more than it lends them
- 31. Pakistan rose to first place in Chinese energy finance
- 32. America overtook China as Taiwan's biggest export market
- 33. Mongolia's coal exports hit a record 90 million tonnes
America's share of Taiwan's exports in 2025, up from 14.6% in 2020; mainland China and Hong Kong fell from 43.9% to 26.6%.
Taiwan's exports to America in 2025, up 78% in a year, passing China and Hong Kong (US$170.5bn) for the first time since 2000.
America's share in January–July 2026, against 24.0% for China and Hong Kong: the gap kept widening.
the numbers & method
| the United States (%) | mainland China and Hong Kong (%) | ASEAN (%) | other destinations (%) | |
|---|---|---|---|---|
| 2020 | 14.6 | 43.9 | 15.4 | 26.1 |
| 2025 | 30.9 | 26.6 | 18.6 | 23.9 |
Claim types Fact
Taiwan Ministry of Finance, Department of Statistics: 'Annual External Trade Report in 2025' (23 Feb 2026), pp. 4–5 and 8; 'Annual External Trade Report in 2020' (https://service.mof.gov.tw/public/Data/statistic/bulletin/109/2020.pdf), Table 4; 'Trade Figures for July 2026' (7 Aug 2026, https://service.mof.gov.tw/public/Data/statistic/trade/news/11507/11507_%E8%8B%B1%E6%96%87%E6%96%B0%E8%81%9E%E7%A8%BF.pdf), Table 4. Customs-based goods exports, US$. MOF groups mainland China with Hong Kong; the title's 'China' means that group. US$ billion, 2020 → 2025: total 345.2 → 640.7; United States 50.6 → 198.3; mainland China and Hong Kong 151.4 → 170.5; ASEAN 53.2 → 119.0; all other destinations 90.0 → 152.9 (derived: total minus the three named). MOF's published shares: US 14.6% → 30.9%, China and Hong Kong 43.9% → 26.6%, ASEAN 15.4% → 18.6%; the chart uses MOF's published shares ('other' = 100 minus the three named). MOF: the US became 'Taiwan's largest export market for the first time since 2000'. January–July 2026 (partial year): total 491.95, US 156.65 (31.8%), China and Hong Kong 118.31 (24.0%), ASEAN 99.94 (20.3%). The 78% growth is MOF's figure.
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