By observing the evolution of exchange rate and export fluctuations of Korea, Japan and Taiwan since 1985, this paper analyzes the effects of exchange rate fluctuations on their export competitiveness. In addition, it compares and analyzes the export structure of the three economies by region and commodity to assess their export competitiveness in the world market.

The rest of the paper is organized as follows. Section II illustrates the export evolution and exchange rate fluctuations of Korea, Taiwan and Japan since 1985. Section III empirically analyzes the effects whether three nation's exchange rates fluctuations have affected their export. Section IV analyzes the relationships of export competition by comparing the export structure by region and article. Finally, executive summary and policy implications are provided in Section V.