Reports from the Taiwan Textile Federation have showed a deep insight of the textile market in Taiwan these days. A downslide in the market has been brought into being due to declining product prices.
The fall has resulted from a slight downtrend in unit product prices; in particular the price of artificial fibers was said by a local textile backing faction.
According to the TTF, exports of Taiwan-made textile products, including ready-to-wear garments and upstream fabrics, totaled US$5.81 billion in the six-month period, down 0.3 percent from a year earlier.
Exports for the first six months of 2014 fell slightly year-on-year.
The local textile sector registered a trade surplus of US$4.22 billion in the first half, down 1.4 percent from a year earlier. In June, Taiwan's textile exports totaled US$982 million, down 1.4 percent from a year earlier.
As per the federation, last month, the local textile sector's trade surplus fell 5.3 percent year-on-year to US$721 million.
Also, Taiwan's textile imports rose by an annual 11 percent to US$261 million and about 2.9 percent to NT$1.59 billion in the first half of the year. With all these financial tribulations, Taiwan's textile exports edge down in H1.
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