Auto parts exports last year rose 5.4 percent to NT$194.8 billion (US$6.53 billion) from NT$184.82 billion the previous year due to market diversification, Taiwan Transportation Vehicle Manufacturers Association (台灣車輛同業公會) vice chairman Joe Juang (莊健培) said on Monday.
Last year, the US accounted for 36.51 percent of Taiwan’s auto parts exports, followed by Europe with 13.83 percent, Japan with 6.87 percent and China with 5.87 percent, Juang said, citing the latest industry data.
However, Tong Yang Industry Co (東陽), which produces automotive sheet metals and cooling system parts, said its sales dropped last year because of weak demand in Europe and the US, spokesperson Fancy Hsu (許芳華) said yesterday.
Tong Yang posted a profit of NT$810.57 million last year, down 45.67 percent from NT$1.18 billion a year ago, on revenue of NT$17 billion, down 7.5 percent from NT$18.28 billion in 2011.
In contrast, auto-lamp maker Depo Auto Parts Industrial Co (帝寶工業) reported a profit of NT$1.04 billion last year, compared with losses of NT$390.64 million in 2011. Revenue grew 4.9 percent to NT$12.62 billion last year from NT$12.03 billion in 2011.
Although Depo’s sales in Europe, Australia, and New Zealand fell last year, revenue grew 20 percent in China and 14 percent in the Middle East and Africa, spokesman Edward Lu (呂理豐) said.
Lu said the company’s revenue last quarter was likely to grow 5 percent year-on-year, and better economic conditions this year should push full-year revenue growth to its highest in three years.