Home / Knowledge / News / Textiles / Taiwanese MMF sector looses from ASEAN-China FTA
Taiwanese MMF sector looses from ASEAN-China FTA
Feb '11
The latest statistics from Taiwan Bureau of Foreign Trade shows that since ASEAN Free Trade agreement with China came into effect last January, the 10 ASEAN members have achieved eye-catching performance in the Chinese market.

Their market share increased from 10.6 percent in 2009 to 11.1 percent in 2010, their export growth of eight man-made fiber products was also better than Taiwan.

While Taiwan's imports from and exports to the mainland hit record highs in the previous year, its market share in the mainland dropped from 8.5 percent in 2009 to 8.3 percent in 2010, showing that the complete integration of the ASEAN plus one (China) makes Taiwan face another rival – ASEAN in the Chinese market, in addition to the strong competition from South Korea.

According to 2010 cross-strait trade statistics announced by Taiwan Bureau of Foreign Trade, Taiwan's exports to the mainland reached US $114.75 billion, growing 37.1 percent year on year, Taiwan imports from the mainland amounted to US $37.58 billion, expanding 47.1 percent year on year, enjoying a surplus of up to US $77.17, an increase of 32.7 percent year on year, both hit record highs,

However, the Bureau of Foreign Trade estimates that growth rates of imports from and exports to China will slow down this year to 17.3 percent and 15.7 percent, respectively.

Taiwan Bureau of Foreign Trade analyzes that the China's largest source of imports still was Japan last year and its market share was 12.7 percent, down 0.3 percent from 2009. Taiwan's market share in the Chinese market stood at 8.3 percent, down 0.2 percent from 8.5 percent in 2009 and was the fifth largest source of China's imports.

However, after the FTA came in to effect the 10-member ASEAN has now become the third largest source of China's imports and its market share increased to 11.1 percent, 0.5 percent higher than in 2009.

Taiwan Bureau of Foreign Trade emphasized that export growth of eight man-made fibers products from ASEAN to the mainland was better than the growth rate of Taiwan; reflecting that Taiwan faces increased competitive pressure in the mainland market after the complete integration of ASEAN-China FTA.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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