Taiwanese garment trade surplus narrows 7.1% year-on-year in 2012


TAIPEI — Taiwan posted a garment trade surplus of US$8.5 billion in 2012, down 7.1 percent from the year-earlier level of US$9.15 billion, the Taiwan Textile Federation said yesterday. Garment exports fell 7 percent last year to US$11.82 billion, from US$12.72 billion in 2011, the textile promotion organization said, citing statistics from the Ministry of Finance.

Garment imports totaled US$3.32 billion in 2012, also down 7 percent from US$3.57 billion the year before, the federation said.