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Textile machinery exports plummet
30
Jun '08
Machinery exports of Taiwan fetched a handsome US $5.173 billion to the country's economy in the first four months of this year, representing a 10.8 percent growth compared to the previous year.

According to the statistics revealed by the Taiwan Association of Machinery Industry (TAMI), exports of textile machinery accounted for $171.464 million down by 18.3 percent, sewing machinery brought in $125,343 and leather and shoes making machines contributed about $29.34 million to the revenues, up by 9 percent compared to 2007.

China and Hong Kong emerged as two of the major export destination for Taiwanese machinery, together purchasing about $1.449 billion worth of goods in the first four months of this year, up by 0.7 percent and accounting for 28 percent of the total exports. US ranked second with $761.23 million representing a surge of 2.4 and commanding 14.7 percent. Then came Japan with $284.31 million, down 1.2 percent and accounting for 5.5 percent of the total exports.

On the import front, Japan ranked first by selling $3.021 billion worth of machinery to Taiwan, up by 25.1 percent and accounting for 44 percent of the total imports. US again ranked second with $1.567 billion, up 16.9 percent and commanding 22.8 percent of the total imports. China and Hong Kong also made up 8.6 percent of the imports made by Taiwan with $587.58 million, up by 33.8 percent.

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