Bilateral trade with Thailand on the rise

30 Mar '10

2 min read

Taiwan's gross domestic product (GDP) began to shrink from the third quarter of 2008, but in just one and a half years, Taiwan's economy quickly recovered, the economic growth rate recovered to 8.4 percent in the fourth quarter of 2009.

Thailand's exports to Taiwan will tend to increase with Taiwan's economic recovery in 2010. Bilateral trade volume between Thailand and Taiwan in January 2010 surged over last year and total trade value grew 67.9 percent.

Of this, of which, total value of Thailand's exports to Taiwan grew 96.0 percent, total value of Thailand's imports from Taiwan increased by 58.4 percent. Bilateral trade between Thailand and Taiwan has improved.

Thailand's exports to Taiwan include printed circuit boards, computer equipment and spare parts, chemical products, cassava products, rubber, and steel, plastic pellets, machinery and spare parts, semiconductors, diodes, and capacitors.

Thailand's imports from Taiwan including printed circuit board, chemical products, iron and steel products, electrical and mechanical equipment and spare parts, as well as fresh / frozen / processed / semi-processed aquatic products, yarn and fiber, metal products, textiles, metal ores, metal scrap, etc.

As the economy is recovering, appropriate stimulating measures are still necessary for stable economic growth, while steady economic growth will drive steady growth of bilateral trade between Thailand and Taiwan.

Fibre2fashion News Desk

More Textiles News - Taiwan...