Where is Taiwan in Asia, Is Taiwan US Ally?
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Taiwan Economy and Statistics
Taiwan's economy has changed considerably since the mid-1980s. Taiwan is the 11th largest exporter in the world and its main exports are semiconductors, machines, vehicles and petrochemicals.
Taiwan is one of several countries that maintain onshore banking systems that serve as offshore banking centers.
Recently, many service industries have also begun to emerge such as finance, information technology and research and development, which have become the primary industries in Taiwan.
The service sector constitutes the majority of Taiwan's GDP at 72%, whereas the industrial sector accounts for 26% of GDP.
The top 10 contributors to Taiwan's export revenue are China (including Hong Kong), Japan, South Korea, United States, Singapore, Germany, Philippines, Indonesia, Malaysia and Thailand.
In 2007, agriculture made up only 2% of Taiwan's GDP or approximately $4 billion USD.
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