Home / Knowledge / News / Exports across all sectors plunge in January
Exports across all sectors plunge in January
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

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search