Home / Knowledge / News / Textile machinery exports drop, sewing equipments posts growth
Textile machinery exports drop, sewing equipments posts growth
29
Aug '08
The Taiwan Association of Machinery Industry (TAMI) revealed statistics according to which, machinery exports of Taiwan amounted to US $8.557 billion in the first half of this year, up 12.4 percent than in the same period last year.

The category of machine tools ranked first in terms of largest export items, with export value reaching US $1.921 billion, up 20.8 percent over the previous year. Special purpose machinery stood at the second place earning $679.93 million, up by 20.2 percent.

Textile machineries fetched $273.667 million, down by 16.4 percent while the category of sewing machines brought revenues amounting to $188.952 million, up 1.2 percent. Even leather and shoes making machineries earned $44.234 million, surging by 28 percent.

In terms of the largest export markets for these products, Hong Kong and mainland China together ranked first by consuming $2.47 billion worth of products from Taiwan in the first half of this year, representing a rise of 4.5 percent and accounting for 28.9 percent of the total exports.

US ranked second with $1.265 billion, down 0.9 percent and commanding 14.8 percent of the aggregate exports followed by Japan at the third place with $497.32 million, up 4.9 percent and accounting for 5.8 percent. The fourth place went to Vietnam with $341.16 million, up 53.8 percent while Germany stood fifth with $320.97 million, up 30.7 percent. Thailand was the sixth-largest export outlet with $266.45 million, up 0.3 percent.

Indonesia, Malaysia, India, Italy, Turkey, South Korea, the Netherlands, United Kingdom, Singapore, Brazil, Canada, Australia, France, Spain, Finland, United Arab Emirate, the Philippines, Russia, Mexico, and Saudi Arabia were some of the other key export destinations for Taiwanese machineries.

However, import of machineries from various countries also went up by 10.5 percent in the first half of this year leading to an expenditure of $10.098 billion.

Of this, the category of special-purpose machinery ranked first with import value reaching $2.966 billion, up 16.4 percent and accounting for 29.6 percent of the total imports. The second place went to the category of machine tools with $957.11 million, down 24.6 percent and accounting for 9.6 percent of the total imports.

Import of textile machineries stood at the sixth place with $171.62 million, down 7 percent and accounting for 1.7 percent of the total imports.

Japan emerged to be the largest supplier of machineries selling $4.214 billion worth of products to Taiwan in the first six months of 2008, representing a rise of 9.8 percent and accounting for 42.1 percent of the total imports.

The second place was occupied by the US who provided goods worth $2.318 billion, down by 0.5 percent and commanding 23.2 percent. Hong Kong and China, together stood at the third place with $954.48 million, up by 32.2 percent and accounting for 9.5 percent of the total imports. Germany came next with $871.62 million, up by 36 percent.

Other major import sources, in descending order, were South Korea, Italy, United Kingdom, Switzerland, and France. Taiwan is likely to grow its exports by 8-10 percent in the ongoing year. Besides, the overall production value of Taiwan-made machinery is estimated to fetch NT$960 billion in 2008.

For more statistics click here


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search