Local textile companies created net exports of US$8.4 billion last year, accounting for about 25 percent of the nation’s total net exports of US$33.1 billion, the government said yesterday.
“Eight in every 10 yoga garments sold in the US use fabrics from Taiwan,” Bureau of Foreign Trade Chief Secretary Wang Cheng-fu (王振福) said at a press conference for this year’s Taipei Innovative Textile Application Show (TITAS, 臺北紡織展).
A total of 367 textile manufacturers from 11 countries are using 760 booths to exhibit their latest offerings at the three-day show, which begins today at the Taipei World Trade Center’s Nangang Exhibition Hall.
The exhibition features functional textiles for apparel, upholstery and industrial use. It also exhibits a variety of recycled and sustainable textiles with low carbon footprints, as well as fashion textile trends for the upcoming seasons, according to the Taiwan Textile Federation, the event’s organizer.
Taiwan’s textile companies exported products worth US$11.7 billion last year, with 65 percent of the value coming from fabrics, He Kun-lin (何昆麟), vice president of Far Eastern New Century Corp (遠東新世紀), which makes textile products, said at the press conference.
In the first nine months of the year, exports of the nation’s textile and apparel industry reached US$8.69 billion, down 0.1 percent from the same period last year, according to the Taiwan Textile Federation’s statistics.
Imports for the same period increased 4 percent year-on-year to US$2.51 billion, the statistics showed.
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