TAIWAN: The textile industry in Taiwan has witnessed a significant growth over the recent years since it’s originally establishment in 1950s.
After over 60 years of development, the textile industry in Taiwan has transformed from mass production to more innovative and value-added integrated product chain. Today, this island is world’s 7th largest textiles exporter and 31st clothing exporter, according the WTO. It also one of the world’s leading producers in functional and technical textiles.
According the statistics from Taiwan government, currently there are over 4,300 textiles manufactures in Taiwan, with employment of over 140,000 people. In 2015, Taiwan’s textile and apparel industry reached value of US$13 billion, of which 95% were textile output and 5% were clothing. Nearly 78% of Taiwan’s total textile and apparel production are exported every year. Over the years, textile and apparel products made in Taiwan are also gaining more and more shares in the global market. In 2015, Taiwan’s textile exports reached value of $10.8 billion, while import value reached $3.46 billion, achieving a trade surplus of $7.34 billion. This was also the third largest trade surplus among all Taiwan’s major industrial sectors, making textile sector one of the most important foreign exchange earners in Taiwan’s export-oriented economy.
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