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LAS VEGAS--(th to 11Taiwan’s hand tools are still growing exports in an economically challenging environment.
In 2016, Taiwanese hand-tool makers saw exports of US$3.06 billion, which represents a 8.51% growth over 2015. The USA is still the largest destination for Taiwanese hand tools, taking in 29.6% of overall exports, followed by China, Germany, Japan, and the UK, respectively. In regards to the largest sources of the USA's imports, Taiwan is the fourth largest importer into the USA. In 2015, the value of imports reached US$0.7 billion (7.8% of all tools imported into America). Despite the economically challenging environment, the value at which the USA imported from Taiwan still grew by US$0.07 billion (9.8%) in 2015. These figures point to Taiwan’s sustained development in recent years.
The Taiwan Hand Tool Manufacturers’ Association was founded in 1977. The association has established itself as the cornerstone of the world’s hand-tool supply chain. Through forging strategic alliances, the association has not only harnessed the individual prowess of small- and mid-sized Taiwanese enterprises, but has also reaped synergistic benefits from improved manufacturing efficiency, research, innovation, and market position.
TAIWAN EXCELLENCE
The symbol of Taiwan Excellence was established in 1992 by Taiwan’s Ministry of Economic Affairs (MOEA), and subsequently the Taiwan Excellence Selection was launched the following year. The selection is based on the distinct criteria of R&D, quality, design, and marketing. Taiwan Excellence awarded products are chosen for their cutting-edge innovation, and are used to represent Taiwan on the international stage to reinforce the buyer’s confidence and continue building a favorable impression for Taiwanese products worldwide. This year marks the 25For more information, please visit: Organized by:
Bureau of Foreign Trade, MOEA
The Bureau of Foreign Trade (BOFT), under The Ministry of Economic Affairs (MOEA) of Taiwan, is responsible for implementing policies and regulations governing foreign trade, economic cooperation, and foreign investments. Established in January 1969, the BOFT's role and position have undergone continual adjustments to meet the needs of the shifting international economic and trade environment. The BOFT has been guiding and working with the Taiwan External Trade Development Council (TAITRA) in numerous trade promotion projects and activities both internationally and domestically. Having worked closely with TAITRA for many decades, the BOFT continues to entrust TAITRA with various critical government projects relating to trade and investments, promoting Taiwan on every international aspect.
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