Home / Knowledge / News / Exports across all sectors plunge in January
Exports across all sectors plunge in January
28
Feb '09
The Taiwan Ministry of Economic Affairs recently announced that export orders in January fell to US $17.68 billion, down 41.67 percent over the same period last year. Shipments had also fallen by 33 percent y-o-y in December 2008.

The main reason according to the Ministry is the substantial reduction of orders received by the consumer electronic products industry in January. Consumer electronic shipments fell by 38 percent compared to that in January 2008.

Taiwan's industrial output and export orders have started shrinking since October last year, mainly due to the slowdown in demand from the IT hardware sector, which is the main pillar of the economy in Taiwan.

Like other Asian export-oriented economies, Taiwan's economy plunged into recession. Gross Domestic Product (GDP) declined 8.36 percent year-on-year in the fourth quarter, leading to the biggest drop in history.

Taiwan's industrial output in January fell 43.11 percent over the same period last year, which also represented the largest decline. Exports orders fell by 36.75 percent to $4.56 billion from the US in January.

From amongst other countries, orders from Mainland China and Hong Kong too dropped by 54.71 percent to $3.66 billion, of that from EU plunged by 30.73 percent to $3.68 billion and to Japan descended by 35.07 percent to $1.86 billion.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Tony Ward
Tony Ward

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search