TAIWAN: Falling International Demand Hits Apparel Exports
Local economic depression combined with a drop in demand from international markets has led to a 23.2 per cent decline in Taiwan's textile exports in May, down to 1.195bn. According to the latest customs statistics, outbound garment shipments were hardest hit, falling 24.7 per cent on the previous year to reach $143m. Exports of accessories such as hats, gloves and stockings decreased by 16.7 per cent to $163m; and although yarn and fabric exports accounted for the largest share of Taiwan's total textile exports in May, they too saw a major 24 per cent decline on the prior year.
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