Sat, Aug 25, 2012 - Page 14 News List

Trade volumes up at Taiwan’s four biggest harbors

TRADING FREELY:Taiwan’s free trade zones have seen a jump in activity, with officials attributing growth to demand for oil storage

Staff writer, with CNA

The annual trade volume of the free trade zones operating from the four major harbors in Taiwan increased 50.2 percent to NT$175.99 billion (US$5.87 billion) last year from NT$117.2 billion in 2010, according to statistics released by the Ministry of Transportation and Communications Friday.

The gross output of the free trade zones in Keelung, Taipei, Taichung and Kaohsiung ports rose by NT$450 million, or 34.8 percent, last year, and profits rose by NT$240 million, or 52.4 percent, from the previous year. Ministry officials attributed the growth to increasing demand for the storage and distribution of oil products.

Meanwhile, Taiwan’s hand tool manufacturing sector generated a production value of NT$16.29 billion in the second quarter, up 4 percent from the same period last year and 13.2 percent higher than in the first quarter, according to statistics released by the government-run Industry and Technology Intelligence Services (ITIS).

Hand tool exports reached NT$15.08 billion in the second quarter, up by 6.8 percent from the first quarter and 1 percent higher than the same period last year.

Imports totaled NT$1.21 billion in the second quarter, up 33.3 percent from the first quarter but down by 6.3 percent from the second quarter last year, the statistics showed.

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