Textile manufacturers in Taiwan register decline
Taiwan's textile manufacturers registered a decline in production value in the first quarter, said ITIS, the market research agency under the Ministry of Economic Affairs, yesterday.
Egytex News Desk
Source: The China Post
According to ITIS data, in the first quarter, Taiwan's total textile production value stood at NT$76.57 billion, a 35 percent decline from the same period last year.
Manufacturers of synthetic fibers saw an even bigger decline of 52 percent year-over-year, ITIS said.
As for trade of textiles, in the first quarter exports reached US$1.982 billion, a 25 percent decline year-over-year, while imports were US$499 million, a decline of 27 percent. This translated into a surplus of US$1.483 billion, a 25 percent decline from US$2 billion in Q1 2008, ITIS said.
Source: The China Post
From the Egytex news archive, first published on 21 May 2009. Figures and names are as reported at the time.
