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3 Categories of Taiwanese Merchandise May Bear the Brunt in Sanctions Against Russia
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2022-03-10
The Russia-Ukraine War is followed by sanctions imposed from the U.S., UK, and the EU. If Taiwan restricts exports to Russia, its top 3 merchandise including information and communication products, machines and basic metal products are likely to be affected. As for imports, natural gas, coal, steel, copper and other basic metals may bear the brunt.
According to the export statistics from the Ministry of Finance (Taiwan), Taiwan exported USD 1.02 billion-1.32 billion worth of products to Russia annually in the past 3 years. In terms of export in 2021, Taiwan exported around USD 38.49 billion worth of products to Europe (with Russia accounting for around USD 1.32 billion). By estimate, restrictions on the export to Russia has limited impact on Taiwan's total export.
Regarding the merchandise Taiwan exported to Russia in 2021, information/communication products and audio-video products were the top category accounting for USD374 million, followed by machines taking the second place at USD 255 million, and basic metals third at USD 178 million which mainly were stainless steel products (USD 41 million) as well as stainless screws and bolts (USD 38 million). In terms of import, Taiwan imported USD 5 billion worth of merchandise from Russia in 2021, 60% of which were natural gas and coal, and 30% of which were basic metals such as steel and copper.
台灣出口
制裁俄羅斯
機械
基礎金屬產品
不鏽鋼
stainless steel
Taiwan exports
sanctions against Russia
machines
basic metal products
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
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