In 2003, the import and export of Fujian-Taiwan trade totaled 3.57 billion U.S. dollars, an increase of 6.5 percentage points from the same period of last year (the same below), accounting for more than 10% of the total foreign trade value of Fujian Province last year. The import of automobile body parts has increased by 5.3 times, becoming a bright spot for the import of Fujian-Taiwan trade.
According to customs statistics, Fujian Province imported 3.50 billion U.S. dollars in Fujian-Taiwan trade last year; exports were 519 million U.S. dollars, an increase of 20%. The trade deficit between Fujian and Taiwan was 2.53 billion U.S. dollars, an increase of about 1.9%.
In the trade between Fujian and Taiwan last year, the import and export of processing trade decreased, while the import and export of general trade increased rapidly. In 2003, the import and export of processing trade between Fujian and Taiwan was more than US$1.7 billion, which was a decrease of 3.83%, but still accounted for half of the trade volume between Fujian and Taiwan, accounting for 44%. The general trade imports and exports of more than 1.35 billion US dollars, an increase of 47%, of which imports increased by more than 50%.
In addition, foreign-invested enterprises' imports and exports accounted for nearly 80% of the total trade volume between Fujian and Taiwan, and they are still the main force of Fujian-Taiwan trade. Last year, the import and export of private companies increased by more than 60%, showing strong growth momentum.
It is worth noting that auto parts and accessories are the highlights of the import trade between Fujian and Taiwan last year. With the further strengthening of the automobile industry cooperation between Fujian and Taiwan, the cooperation between the two automobile industries in the southeast China (Fujian) Automobile Industry Co., Ltd. imported 260 million US dollars to Taiwan in 2003, an increase of 2.2 times. Driven by this, the entire Fujian province imported 130 million U.S. dollars of auto body parts to Taiwan in 2003, an increase of 5.3 times.