The China/HK share fell from a 2020 high to a near-25-year low
This statistic captures Taiwan’s most visible export-market rebalancing. China and Hong Kong still absorbed US$170.5B of Taiwan exports in 2025, but their share fell to 26.6%, a near-25-year low. The drop from the 2020 high is 17.3 percentage points, large enough to change the hierarchy of Taiwan’s export markets.
Source 1: Ministry of Finance, R.O.C. (Taiwan), Department of Statistics
Publisher: Ministry of Finance, R.O.C. (Taiwan), Department of Statistics
Units: US$ billion and percent of exports
Source 2: Ministry of Finance, R.O.C. (Taiwan), Department of Statistics
Publisher: Ministry of Finance, R.O.C. (Taiwan), Department of Statistics
Units: US$ billion and percent
China/HK combines Mainland China and Hong Kong, matching MOF treatment. The 2020 high and 2024 anchor come from a 2025 MOF bulletin; 2025 comes from the later annual report.
Use MOF’s 2025 annual report for 2025 value/share and MOF Statistical Bulletin No. 1 for 2020 and 2024 China/HK shares. Gap equals 2025 share minus the 2020 high.
Taiwan export-market HHI over time
Export-destination Herfindahl-Hirschman Index fell from 2,614 in 2020 to 2,246 in 2025.
Taiwan China/HK product exposure, 2025
Electronic parts sent about 50.9% of their 2025 export value to China/HK.
Taiwan exports to Mexico versus U.S. exports, 2017–2024
Taiwan exports to Mexico reached a 293 index in 2024, versus 220 for U.S.-bound exports; 2020=100.