Data show that Taiwan depends more on China for trade than it does on the U.S., even if U.S. House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit.

The visit came despite warnings from China, which considers Taiwan part of its territory and maintains the island should have no right to conduct foreign relations. The U.S. recognizes Beijing as the sole legal government of China, while maintaining unofficial relations with Taiwan.

Many large Taiwanese companies in high-tech industries such the world’s biggest chipmaker — Taiwan Semiconductor Manufacturing Co., or TSMC. — operate factories in mainland China.

Last year, mainland China and Hong Kong accounted for 42% of Taiwan’s exports, while the U.S. had a 15% share, according to official Taiwan data accessed through Wind Information.

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