Textile industry in Taiwan

The textile industry in Taiwan is a major industry in Taiwan.

History

In 1949, Taiwan had 10,000 cotton spindles. In 1954, the Ministry of Economic Affairs established a committee to establish plans for textile industry. In 1964, it grew to 500,000, making the cotton textiles industry the fastest growing industry in Taiwan at that time.[1] Decades later with the growing petrochemical industry, man-made fiber dominated the field.[2]

Economy

As of 1965, the industry paid a total tax of NT$240 million to the government. In 2015, the total value of textile production in Taiwan was NT$409.3 billion.[2]

The export value of textile industries was US$44 million in 1963 in which 80% of it was cottons. Major exporting countries or regions were British Hong Kong, Iran, Latin America, South Korea, South Vietnam, Thailand, United Kingdom, United States.[1] In 2015, textile exports amounted NT$10.8 billion and imports amounted NT$3.46 billion. In 2014, Taiwan was the 7th largest exporting countries for clothing products. Major importing countries or regions were Indonesia, Japan, United States and Vietnam.[2]

Factories

In 1965, Taiwan had 24 cotton textile miles. The numbers then grew to 4,300 in 2015.[1][2]

Production

Around 75% of domestic yarn production is used for clothing production.[1]

Workforce

The textile industry employed around 35,000 people in 1965 and in 2015 it employed 140,000 people.[1]

Research and development

The Taiwan Textile Research Institute is the government-funded research institute in Taiwan in textile industry.

References

1. "Cotton, King of Textiles". Taiwan Today. 1 February 1965. Retrieved 12 May 2020.
2. Gopalakrishnan, K. (3 October 2016). "Taiwan textile industry's phenomenal growth". The Textile Magazine. Retrieved 12 May 2020.