Home     About Us     Sitemap             

>  EcoMobility World Festival kicks off in southern Taiwan’s Kaohsiung                >  ASUS to recycle 20 percent of its global e-waste by 2025                >  Taiwan remains the world’s largest IC materials buyer                >  ASUS remains Taiwan’s top global brand                >   TIMTOS 2017 A Record High Exhibition Scale Focusing Industry 4.0                >  AsusTek remains Taiwan’s top global brand                >  Taiwan debuts aerospace tech in Japan                >  TAITRONICS 2016 Showcases Diversified Applications of Smart Technologies                >  Taiwan firm 1st in world to make Gore-Tex under license                >  Taiwan High Speed Rail wins Asia-Pacific smart transport award                >  Taichung to become the capital of smart machinery                >   Taiwan ranked 21st globally in internet speed: report                >  Online visa applications now available for visitors to Taiwan                >  Outcome of COP21 and Trends in International Green Industry                >  Taiwan Tool Component Makers                >  Prezentarea site-ului B2B Taiwan Trade                 >  INVITATIE Taiwan International Photovoltaic Exhibition , TIGIS                >  INVITATIE la AQUA TAIWAN – Taiwan International Water Show 2017                >  INVITATIE – TAIPEI PLASCOM 2017                >  INVITATIE la Medicare Taiwan si Sencare 2017                >  Invitatie la Computex Taipei, 30 Mai - 3 Iunie 2017                
Taiwan’s Exports to the EU in 2015 and EU’s Economic Prospects
Taiwan Trade Center, Bucharest



        According to the Customs Administration, Ministry of Finance, in 2015 Taiwan’s exports to the EU stood at US$24.12 billion. The European trading bloc accounted for more than 90% of Taiwan’s exports to Europe and 8.5% of its total. Taiwan’s exports to the EU registered a decline of 10.3%, slightly better than those to the overall European market (10.9%) and to the world (10.9%), respectively. In 2014 and 2015, although Taiwan’s export performance in the EU was superior to that in the globe, over the past decade, the EU had experienced a downward slide in Taiwan’s total exports, from the record high 11.0% in 2006 to 8.5% in 2015.



        In 2015, Taiwan’s top five EU export partners were, in descending order, Germany, the Netherlands, the UK, Italy and France, which registered 70% of Taiwan total exports to the EU. Nevertheless, the exports to these five countries experienced an across-the-board decline, in particular the Netherlands, France and Italy, whose markets declined by more than 10%. Looking on the bright side however, with the import growth of integrated circuits, Taiwan’s top exporting item to the EU, the market shares Taiwan held in EU’s import market in 2015 rose slightly year on year.



        In 2015, the decline of Taiwan’s exports to the EU resulted from the decrease of iron and steel, Taiwan’s major exporting item to the trading bloc. The decrease was due to a downward slide in EU’s demand and largely to the anti-dumping duty the EU imposed on Taiwan’s iron and steel, for instance, stainless steel cold-rolled flat products (SSCR). Other merchandise exports such as automatic data processing machines and their parts and accessories as well as smartphones also declined on account of strong competition from Vietnam and Hong Kong. However, Taiwan’s exports of electrical equipment and its components as well as traffic apparatus and its parts were on the rise in the face of fierce market conditions.



        With the improvement to its employment, the euro depreciation that works to the advantage of EU’s exports and falling international oil prices, the outlook of EU’s economic prospects continues to see an upward trend. Nonetheless, controversies as deflation risks, Brexit, terrorist attacks and refugee problems are impeding EU’s economic development. Currently, the ECB is implementing a relaxed monetary policy, the outcome of which is worthy of further observation.


Ms. Wei-Chi Lin ( vickylin@taitra.org.tw)

EcoMobility World Festival kicks off in southern Taiwan’s Kaohsiung(2017/10/02)
ASUS to recycle 20 percent of its global e-waste by 2025(2017/07/25)
Taiwan remains the world’s largest IC materials buyer(2017/04/24)
Lighting show illuminates the bright possibilities of LEDs(2017/04/21)
Taiwan ranked 11th worldwide for mobile data speed(2017/03/10)
(C) Taiwan External Trade Development Council, All Rights Reserved.  Powered by
Organized by the Bureau of Foreign Trade (BOFT), Ministry of Economic Affairs of the Republic of China
Implemented by the Taiwan External Trade Development Council (TAITRA)
3F, Chamber 1,Strada Buzesti 62-64, Sector 1,Bucharest, Romania
Tel. : +40 (21) 3119971 Fax : +40 (21) 3119974 E-mail : bucharest@taitra.org.tw