Taiwan leaps to Japan’s fourth largest importer

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(Ministry of Economic Affairs, R.O.C)

According to the 2020 trade statistics released by Japan’s Ministry of Finance, Taiwan was ranked Japan’s 4th largest source of imports, which was two places up from 2019 and the highest ranking so far. This result reflects the fact that Taiwan’s effective control of COVID-19 has enabled manufacturers to maintain steady production and exports. At a time when global trade is suffering a major blow and countries are experiencing significant reductions to foreign trade, Taiwan has become a stable and reliable source of supply for Japan.

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