Downtrend in Taiwan's textile & garment exports continues

23 Jul '15

2 min read

Continuing with the ongoing downtrend, Taiwan exported textiles and apparel worth $5.593 billion during the period from January 4, 2015 to June 4, 2015, showing a decrease of 3.64 per cent year-on-year, according to the data from the Taiwan Textile Federation (TTF).

According to the data, Taiwan exported $451.522 million worth of fibres during the five-month period, which accounted for 8.07 per cent of all textile exports from the country.

Yarn exports earned $853.979 million for Taiwan, while fabric exports fetched $3.763 billion, accounting for 15.27 per cent and 67.78 per cent share in all Taiwanese textile and apparel exports during the period under review.

Apparel exports from Taiwan were valued at $321.770 million, whereas made-ups accounted for $175.251 million.

Vietnam and China were major markets for Taiwanese textiles with these countries importing goods worth $1.110 billion and $1.053 billion, respectively, during the period under review.

Region-wise, the EU-28 nations imported $251.451 million worth of textiles and garments, accounting for 4.5 per cent share of all textile and clothing exports made by Taiwan during the period, while the US imported goods valued at $432.951 million, contributing 7.74 percent to Taiwanese exports.

Bulk of Taiwanese textile and garment exports were destined to the neighbouring Asean region, which imported $2.038 billion worth of products, accounting for 36.44 per cent share in all Taiwanese exports.

During the same period, Taiwan's textile and clothing imports stood at $1.665 billion, registering a growth of 5.06 per cent year-on-year. Around 48 per cent or $800.904 million worth of imports belonged to the apparel category, whereas fibre imports accounted for $269.425 million, yarn $211.823 million, fabric $234.001 million, and made-ups $148.966 million. (RKS)

Fibre2Fashion News Desk – India

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