Taiwan Registers Growth In Auto Parts’ Exports

                                                                              BY DANIEL FOONG  May 12, 2005 Auto Parts Exports 

Taiwan manufacturers achieved 18 percent growth last year in the export of  auto parts, amounting to NT$127.37 billion,the statistics released by the Taiwan Transportation Vehicles Manufacturers Association (TTVMA) show.

The United States was the biggest market for Taiwan-made auto parts, amounting to NT$45.33 billion, representing 35.5 percent of Taiwan’s total exports of auto parts, according to TTVMA figures. The U.S. orders last year accounted for an 18.4 percent increase over the year before. 

Purchases from mainland China, the second biggest buyer of Taiwan’s auto parts last year, were valued at NT$10.81 billion,a whopping increase of 172 percent. Coming closely behind mainland China was Hong Kong, whose orders amounted to NT$8.05 billion, a slide of 23.4 percent from the year before. 

Japan and Great Britain were the four and fifth biggest markets for auto parts made by Taiwan manufacturers, amounting to  NT$6.08 billion and NT$3.60 billion respectively. 

Orders from Germany amounted to NT$3.59 billion, an increase of 21percent; Canada at NT$3.46 billion, a 26 percent growth; Australia at NT$3 billion, a rise of 24 percent; and Italy at NT$2.7 billion, a jump of 12 percent. 

Other countries buying auto parts from Taiwan include Vietnam, the  Philippines, the United Arab Emirates, Mexico, Thailand,South Africa, The Netherlands, Indonesia, Malaysia, Saudi Arabia, Spain, Singapore, Belgium, Turkey, Iran, France and others. 

Sharp imports 

Meanwhile, Taiwan imported NT$86.73 billion worth of auto parts in 2004, an increase of 29.44 percent from the same period last year. Orders from Japan, the biggest supplier, amounted to NT$59.68 billion, an increase of 46.78 percent. 

South Korea and Germany were the second and third biggest suppliers, valued at NT$4.59 billion and NT$3.72 billion respectively.