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

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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