Looking in-depth at the latest developments in production, sales, product design innovation, and technology advancements, as well as overall supply capabilities of Taiwan’s major export industries, these reports focus on machinery, auto parts, hardware, furniture, lighting and hardware etc. to keep global buyers and readers informed and better prepared to do business with Taiwan suppliers.
Taiwan’s manufacturers of petrochemicals, liquid-crystal displays, automobiles and machine tools can take a sigh of relief after learning the free trade agreement (FTA) China and South Korea initialed on February 25 does not offer as much leeway for trade and duty-reduction as had been expected by ... Full Story
Taiwan’s National Biotech Research Park, the island’s first government-invested integrated biotech park incorporating research, development and startup incubation capacity, will open in April 2016, according to Academia Sinica President C.H. Wong, whose organization came up with the idea for the pr... Full Story
Last year, Taiwan’s three science-based industrial parks, namely the Hsinchu Science and Industrial Park (HSIP), the Central Taiwan Science Park (CTSP), and the Southern Taiwan Science Park (STSP), together set record highs in production revenue, export revenue, and employment.
According to Taiw... Full Story
January saw Taiwan’s 10 export processing zones overseen by the Ministry of Economic Affairs (MOEA) generate some NT$32.9 billion (US$1.06 billion) in export revenue, increasing 16 percent year on year to hit a new high, according to the ministry’s Export Processing Zone Administration.
Based on... Full Story
Following over five decades of development, the yacht building industry in Taiwan has established a solid name among professional buyers and yacht owners throughout the world, helping the island retain its crown as Asia's biggest producer of yachts 80 feet and longer in 2015.
The latest news rep... Full Story
With international crude oil prices having fallen to record lows since the 2008 financial meltdown and a major news channel reporting per barrel price may dip to US$20, Taiwan’s GDP in 2015 is forecast to grow by around 4 percent, an equivalent of some NT$160 billion (US$5.08 billion), over 2014, a... Full Story
Revenue or turnover of Taiwan’s businesses, described by the government chiefly as retail, wholesale and food services, totaled NT$14.5 trillion (US$460.31 billion) in 2014 to set a new high for the second consecutive year, according to Ministry of Economic Affairs (MOEA).
In December, busin... Full Story
Taiwan’s heavyweight manufacturers including the Hon Hai Technology Group, Hiwin Technologies Corp., and Advantech Co., Ltd. have expressed eagerness to join Taiwan's executive ministry's program to push application of big data.
Hon Hai Chairman Terry Gou told Vice Premier Simon Chang of his hop... Full Story
Taiwan’s unemployment rate dropped to 3.96% throughout 2014, being sub-4% for the first time in seven years, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).
Nevertheless such rate was higher than Hong Kong’s 3.2%, Japan’s 3.5%, South Korea’s 3.4% and Singapore’... Full Story
Mostly driven by surging profits generated by local enterprises, the Taiwanese government collected taxes exceeding NT$1.957 trillion (US$61.73 billion) for the fiscal year (FY) 2014, an all-time high, according to the latest report by the Ministry of Finance (MOF).
The MOF indicates that such t... Full Story
Despite a yacht industry with development for over four decades, Taiwan, reputed as “Kingdom of Yachts,” is still a mostly unsung hero in the sector, with products never spotlighted in high-end consumer magazines as "How to Spend It."
Horizon, a shipyard in southern Taiwan, however takes an env... Full Story
Driven by enduring demand for leisure and sports footwear globally, Pou Chen Corporation, Feng Tay Enterprises Co., Ltd. and Fulgent Sun Group, Taiwan’s top-three contract manufacturers of footwear for global brands, all saw consolidated revenue for 2014 hit record highs, and are likely to see brig... Full Story
Taiwan’s consumer price indices (CPI) of 370 commodities inched up only 0.61% in December from the same month of 2013, the lowest growth rate in 10 months, mostly due to plummeting fuel prices, according to the Directorate-General of Budget, Accounting, and Statistics (DGBAS) of the executive minis... Full Story
Despite a low season for the global shipping industry, Taiwan-based Evergreen Marine Corp., a globally known shipper, scored a 27-month high of NT$12.819 billion (US$427.3 million) in revenue for December 2014, up 11% month-on-month or 12.83% year-on-year, according to the firm’s latest financial s... Full Story
Taiwan-based Aerospace Industrial Development Corp. (AIDC), the island’s only manufacturer of military and commercial airplanes, trainers and aircraft engines, saw revenue skyrocket to NT$3.859 billion (US$121.73 million) in December, 2014, surging 85.8% from a month ago to rise 1.49-fold over a ye... Full Story
EVA Airways Corp., Taiwan's second-biggest airline plans to upgrade and expand its aircraft fleet in expectation that performance in 2015 will improve on 2014, when a string of air crashes cast a shadow to the global aviation industry. The brighter outlook is underpinned by improved operational eff... Full Story
Taiwan’s Ministry of Economic Affairs (MOEA) has announced the results of a survey by the Interbrand Corp., a U.K.-based brand consultant, ranking the island’s top 20 international brands for 2014 by brand value. Asus, the world's top-5 PC brand, retained last year's position as No. 1.
Asus is f... Full Story
Taiwan’s business sectors, described by the government as wholesale, retail and food services, generated revenue of around NT$1.2 trillion (US$40 billion) in November, according to the latest statistics compiled by Ministry of Economic Affairs (MOEA).
The figure edged up only 0.7% compared to NT... Full Story
The National Development Council (NDC) of the Executive Yuan, Taiwan’s Cabinet, has announced several key economic development targets for 2015. Among the targets, gross domestic product (GDP) growth has been set at 3.1-3.7%, the unemployment rate at 3.8-3.9%, and growth in the consumer price index... Full Story
Steady sales globally of iPhone 6 have reportedly benefited Taiwanese manufacturers of electronic parts and components, resulting in Taiwan’s industrial production index (IPI) reaching 107.47 in November, the highest-for the month in history to have risen 6.86% over last November, according the l... Full Story
Driven by Taiwan’s surging international trade, as well as growing arrivals of larger ships, the Kaohsiung Port in southern Taiwan is expected to finish 2014 with container handling volume of 10.5 million TEUs (twenty-equivalent unit), the first time over the past 8 years, according to Taiwan Inter... Full Story
Although Taiwan is well known for high labor productivity worldwide, pay for manufacturing workers have dropped over the past 10 years to show the nation's makers have enslaved workers to achieve such productivity, according to Taiwan's Ministry of Labor.
The ministry’s latest statistics show Ta... Full Story
Taiwan’s export orders received in November totaled only US$43.51 billion, up 6% year-on-year (YoY) but slipping from October and falling short of governmental expectation of higher value amid simmering iPhone 6 sales globally, according to the latest statistics compiled by Ministry of Economic Aff... Full Story
According to Taiwan's National Development Council (NDC), the Taiwan Cabinet, Taiwan tops the 28 Asian economies chosen by Asian Development Bank (ADB) on its Knowledge Economy Index of 2014 by scoring 8.77 on the 10-point scale.
The NDC attributes such result mostly to the island’s increased i... Full Story
Benefiting from branded vendors’ brisk shoe sales, Taiwan-based Feng Tay Enterprises Co., Ltd., a top-three contract manufacturer of footwear by size on the island, recorded a single-month high of NT$4.449 billion (US$148.3 million) in November revenue, surging 18.3% month-on-month (MoM) or 38.9% y... Full Story
The overall output value of Taiwan’s manufacturing industries is forecast to grow by 2.86% year-on-year (YoY) to NT$18.25 trillion (US$600.83 billion) in 2015, up from a projected NT$17.74 trillion (US$593.13 billion) this year, according to the Industrial Economics & Knowledge Center (IEK), a mark... Full Story
With global luggage brands restocking amid positive market outlook throughout next year, Taiwan-based Eminent Luggage Corp., a major contract manufacturer and branded vendor of luggage and travel bags, has production lines fully-loaded, hence expecting banner performance in Q4, 2014 through earl... Full Story
After developing heat-pump water heaters for residential and commercial use, Rechi Precision Co., Ltd., supplier of compressors for air conditioners based in Taiwan, will step up building the business by exploring domestic and overseas markets, including Japan, Australia and Europe, starting next y... Full Story
With the recent OPEC decision not to cut production that further reduced crude oil prices to a new 4-year low as well as other factors, China Airlines, Taiwan’s largest by fleet size, has gradually cut its net loss to target a profitable 2014.
For the first nine months of the year, the company... Full Story
Mainly driven by the upcoming Christmas sales peak in America and Europe, Taiwan’s industrial production index (IPI) hit an all-time high of 112.56 in October, up 8.97% year-on-year (YoY) to be on uptrend for nine months, according to the latest statistics issued by Ministry of Economic Affairs (MO... Full Story