Last Year, Textile And Foreign Exchange Earned New Lows In Taiwan In 16 Years.

According to the latest statistics of import and export trade of Taiwan customs, the value of textile exports in 2008 was US $10 billion 905 million, a decline of 6.2% compared with the same period a year ago, with an import value of US $2 billion 703 million, an annual increase of 1.1%. The total trade volume was US $13 billion 608 million, and the foreign exchange earning amount was 8 billion 202 million US dollars, with an annual growth rate of 8.4%.

Taiwan textile industry, once the largest foreign exchange earning industry in Taiwan, has earned more than 230 billion US dollars since 1981. It has always been one of the important industries in Taiwan's economic development.

But by the high cost of labor, the global layout of enterprises and the competition in the development of the Chinese market, the textile output value and exports have been declining year by year, especially the most foreign garment industry. The production base almost moved to the areas where labor wages are relatively low, causing the amount of foreign exchange earnings to be explored every year. In 2002, the amount of foreign exchange earned in textiles fell for the first time in the 10 billion US dollar mark, until 2007, even 9 billion dollars could not keep up, and it came to 8 billion 952 million dollars.

Yang Jing: editor in charge