These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
Taiwan's 2021 manufacturing forecast suggests next year's industry value hit NTD$19.68 trillion, according to the Industrial Technology Research Institute (ITRI) Industrial Economics and Knowledge Center (IEK). IEK reported an industry growth rate at 4.75%, with sectors like metal electromechanical, information electronics, chemical industry, and livelihood industry indicating positive growt...
Financial organizations are largely optimistic regarding Taiwan's economic performance by revising up their economic growth predictions. Analysts say the key is in the domestic and outbound demand rising in tandem and increasing demand for new technologies like 5G applications that have buoyed electronic product orders. However, economists at two international banks pointed out that Taiwan...
The first round of 2020 Taiwan Excellence Award selections, announced by the Ministry of Economic Affairs and Taiwan External Trade Development Council, saw 31.6% of ICT products advancing, followed by machinery and parts at 19.2%, furniture equipment hardware building materials ranked at third with 12.9%. The award committee will continue selecting the gold and silver award winners, with the ...
A majority of Taiwan's CEO expressed optimism regarding the economy, citing Taiwan's favorable pandemic response as the primary factor, revealed a survey conducted by KPMG in Taiwan. The survey suggested that CEOs felt the business models had borne innovative results in the past few years. The 56% of CEO's optimism is much higher than the regional average of Asia Pacific CEOs (47%) and global ...
Taiwan is slated to surpass forecasts in terms of economic growth for Q3. The Directorate General of Budget, Accounting, and Statistics (DGBAS) is scheduled to release Q3 growth figures on Oct. 30. The directorate general forecasted Q3 growth at 2.01%, though with Taiwan's current positive pandemic response, industry analysts expect the island's economic performance to perform better than expe...
According to Economic Daily News, the 2020 U.S. Business Day is slated to open this Thursday (Oct. 15), citing sources that a total of 18 buyers, including Amazon, will be attending the conference. American firms with backgrounds in electronics, ICT, auto parts, rubber products, and textiles will be attending. The Taiwan External Trade Development Council primarily aggregated Taiwan's attendin...
Due to Huawei's order transfers and increased demand during peak season, Taiwan's export expanded to USD$30.71 billion in September, just behind August this year, and marks the second-highest performance in recent years, as a 9.4% yearly-increase. Finance Ministry statistics show in Q3 that export value reached USD$90.08, breaking single quarter records as a year-on-year 6% growth, surpassing ...
Taiwan's September PMI rose another 1.7 to 57.7, the most recorded since March 2018, and marked a third consecutive month of growth. For NMI, Chung-Hua Institution Economic Research (CIER) reported a 55.6, marking a four-month expansion; however, it fell short of August's 59.4, signaling a slowing down-rebound. Among the six sub-indexes, the Electrical & Machinery Equipment industry saw better...
The upcoming Taipei Innovative Textile Application Show (TITAS) is entering its 24th edition, with 803 booths, 356 exhibitors from 11 countries, including Taiwan, Sweden, Germany, Japan, South Korea, Switzerland, the U.S., Vietnam, Hong Kong, Singapore, and China. Innovation, environmental-awareness, and products gearing towards the post-pandemic market are the focal points at TITAS. The five ...
Since July, global trade volume continues to rebound, signaling economies' restarting in a bid to make up the worldwide lockdown this spring due to the pandemic. In a report released by the CPB Netherlands Bureau for Economic Policy Analysis, the CPB World Trade Monitor in July grew 4.8% compared to June, the largest increase since the bureau began compiling statistics in 2000. This is slightl...
