The US market remains the biggest end market for Taiwanese businesses, although their China-bound exports have greatly jumped, a UPS International Inc executive said yesterday.
On the back of improving economic fundamentals, UPS International’s Taiwan branch saw 50 percent year-on-year growth — the biggest rise in Asia — in the nation’s demand for China and Hong Kong-bound delivery services in the first quarter, the newly appointed general manager William Ng (黃偉賢) told a media briefing.
UPS’ China-bound delivery flights, however, only enjoy a utilization rate of 60 percent, compared with 100 percent for US-bound flights, he said.
The firm’s US-bound deliveries, which account for 50 percent of its outbound delivery business, have seen “double-digit growth [year-on-year] in the first quarter of this year,” Ng said. “This is an indication that the US remains an important end market [for Taiwan].”
Ng, a Malaysian who replaced Gary Wu (吳信翰) as general manager last month, was upbeat about Taiwan’s economic recovery, which he said would get a boost after the inking of a proposed trade pact with China.
“One of our [Taiwanese] high-tech corporate clients has even seen 90 percent growth year-on-year in exports in the first quarter,” he said, adding that “we believe the nation’s exports will continue to gather steam.”
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