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Taiwan-China trade volume down 8.2% for first four months

2012/05/28 21:40:26

Taipei, May 28 (CNA) Bilateral trade between Taiwan and China fell sharply in the first four months of 2012 from a year earlier, according to figures released by the Ministry of Commerce of the People's Republic of China Monday.

Bilateral trade totaled US$47.64 billion from January to April, down 8.2 percent from the same period last year.

Taiwan's imports from China totaled US$10.23 billion during the period, down 10.3 percent from the year before, and its exports to China totaled US$37.41 billion, representing an annual decline of 7.7 percent, the statistics showed.

In April alone, cross-Taiwan Strait trade totaled US$12.52 billion, down 9.4 percent month-over-month. Taiwan's exports to China dropped by 10.5 percent from March to US$9.66 billion, while its imports fell 5.6 percent to US$2.86 billion.

Meanwhile, China approved 651 investment applications by Taiwanese businessmen in the first four months of 2012, down 18.8 percent from a year earlier, and approvals in April were down 43.6 percent from March to 141.

As of the end of April, China had officially approved 86,423 investment projects by Taiwanese over time worth a total of US$55.36 billion, representing 4.6 percent of all accumulated foreign investment in China, the statistics showed.

(By Nell Shen)