Taiwan Cycle Show industry news and trade statistics

July 26th, 2010 5:03pm

Taiwan overall trade rebounds in December Taiwan’s trade w ith the rest of the world grew by over 50% in December 2009, signaling that trading condit ions are returning to normal.

The Bureau of Foreign Trade (BOFT) said that Taiwan’s total foreign trade value in December 2009 posted a 51.2% growth to US$38.41 billion compared with December 2008. Of this figure, exports registered US$20.03 billion, a new high since October 2008 and representing 46.9% growth compared with December 2008—better than the 33.7% export growth posted by South Korea in November. Imports also soared 56.2% to US$18.38 billion.

These figures yielded a trade surplus of US$1.65 billion, a decrease of 11.7%. Taiwan’s total trade value for the entire 2009 calendar year reached US$378.36 billion, a decline of 23.7% compared with the corresponding period in 2008. Cumulative exports fell 20.3% to US$203.7 billion w hile cumulative imports shrank 27.4% to US$174.66 billion. This yielded a cumulative trade surplus that surged 91.3% from the previous year to US$29.04 billion, a record high. Taiwan set for recovery in 2010 - bike makers post big jumps in January results Taiwan saw a dramatic fall in overall exports in 2009: overseas shipments fell by 20.3%. But according to the government’s statistics section, the island’s economy is expected to grow at a healthy 4.72% in 2010, the largest grow th in three years. The bicycle industry experienced a tough year in 2009, but results for January from the major manufacturers paint a brighter picture. Giant showed an 11.55% increase in January compared to the same month in 2009, with revenues of NT$1.524 billion compared to NT$1.367 billion in 2009. Merida posted results of NT$983 million for January, up a striking 26.2% from 2009’s NT$778 million. Ideal, Taiwan’s third largest bike maker did not show much change from 2009’s f igure, at NT$297.1 million. The Taipei cycle Show runs from March 17 - March 20