SIMIC

The near-term growth impact of recent trade restrictions should be less than 0.1 per cent of Taiwan's gross domestic product, economists including Goohoon Kwon wrote.

But that's if the disruptions remain limited to selective non-tech products without extensive supply chain linkages.

The investment bank economists added that a wider disruption - such as interruptions to transportation of goods - could be "highly damaging" to Taiwan's economy, and "highly disruptive" to global tech supply chains.

Tech goods dominate cross-strait trade, accounting for about 70 per cent of China-bound Taiwan exports, the economists wrote. In contrast, food accounts for just 0.4 per cent.

China recently suspended some fish and fruit imports from Taiwan as US House Speaker Nancy Pelosi visited the island, a move economists said at the time would likely have only a marginal impact on Taiwan's economy.

A Taiwan finance ministry official downplayed the impact of China's economic measures earlier this week, saying the two economies were too closely intertwined. The official said both of their electronics industries were "highly dependent on each other".