Local textile companies generated net exports worth $8.4 billion last year, accounting for about 25 per cent of the nation’s total net exports of $33.1 billion, the government of Taiwan has announced. “Eight out of every 10 yoga garments sold in the US use fabrics from Taiwan,” Bureau of Foreign Trade Chief Secretary Wang Cheng-fu said at a press conference during this year’s Taipei Innovative Textile Application Show (TITAS).
A total of 367 textile manufacturers from 11 countries are exhibiting their latest offerings through 760 booths at the three-day show, which began 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.
Taiwan’s textile companies exported products worth $11.7 billion last year, with 65 per cent of the share coming from fabrics. In the first nine months of the year, exports of the nation’s textile and apparel industry reached $8.69 billion, down 0.1 per cent from the same period last year, according to the Taiwan Textile Federation’s statistics. Imports for the same period increased 4 per cent year-on-year to $2.51 billion, the statistics showed.