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Vietnam now top market for Taiwanese textiles

09 Jul '15
2 min read

Vietnam has overtaken China to become the biggest market for Taiwanese textiles and apparel, according to the data from the Taiwan Textile Federation (TTF).
 
As per TTF statistics, Vietnam imported $926.195 million worth of textiles and garments from Taiwan during the period from January 4, 2015 to May 4, 2015, showing a growth rate of 10.25 per cent year-on-year.
 
On the other hand, Taiwan’s exports to China fell by 10.42 per cent to $882.254 million during the same period, mainly due to the impact of the China-South Korea free trade agreement.
 
During the period, Taiwan’s overall textiles and apparel exports stood at $4.702 billion, registering a decrease of 2.51 per cent year-on-year, according to the TTF data.
 
The 28-nation European Union imported $210.127 million worth of textiles and garments, accounting for 4.47 per cent share of all textile and clothing exports made by Taiwan during the period, while the US imported goods valued at $352.759 million, contributing 7.5 per cent to Taiwanese exports.
 
However, the bulk of Taiwanese textile and garment exports were destined to the neighbouring Asean region, which imported $1.712 billion worth of products, accounting for 36.41 per cent share in all Taiwanese exports.
 
Taiwan exported $379.815 million worth of fibres during the five-month period, which accounted for 8.08 per cent of all textile exports from the country.
 
Yarn exports earned $710.785 million for Taiwan, while fabric exports fetched $3.195 billion, accounting for 15.12 per cent and 67.95 per cent share in all Taiwanese textile and apparel exports during the period under review.
 
Apparel exports from Taiwan were valued at $268.354 million, whereas made-ups accounted for $147.966 million.
 
Meanwhile, Taiwan’s textile and clothing imports stood at $1.391 billion, registering an increase of 5.06 per cent year-on-year during the period under review.
 
Around 48 per cent or $666.629 million worth of imports belonged to the apparel category, whereas fibre imports accounted for $235.456 million, yarn $173.141 million, fabric $191.403 million, and made-ups $124.662 million. (RKS)
 

Fibre2Fashion News Desk - India

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