GARDEN Trader (SPRING 2022)

Taiwan Shows Excellent Export Performance in 2021 in the Face of the Pandemic ccording to statistics from Customs Administra- tion, Ministry of Finance, the exports of four agricultural and horticultural products all showed positive growth in 2021. Machinery for tillage, grading, etc., has the highest growth rate of 50%. The growth rate for agricultural and horticultural sprayers, hand tools, and cutting tools are 41.32%, 32.86%, and 23.71%, respectively. The total export value of agricultural and horticultur- al hand tools in 2021 is 57,782 thousand USD, mainly to the United States and Europe. The top 5 export markets in order are the United States, the United Kingdom, Germany, the Netherlands, and France, accounting for 57.64% of the export value. The United States has long been Taiwan's largest export market for agricultural and horticultural hand tools. In 2021, the United States accounted for nearly 30% of Taiwan’s export, with a growth rate of 42.92%. The total export value of agricultural and horticultur- al cutting tools in 2021 is 41,813 thousand USD. The top 5 export markets in order are the United States, Germa- ny, the United Kingdom, Japan, and France, accounting for 71.44% of the export value. The United States is also Taiwan's largest export market for agricultural and horticultural cutting tools. However, compared to 2020, the export value to the United States decreased slightly by 216 thousand USD, so the growth rate was -1.96%. The total export value of agricultural and horticultur- al sprayers in 2021 is 13,498 thousand USD. The top 5 export markets in order are the United States, Germany, Japan, Brazil, and Italy, accounting for 61.15% of the export value. In 2021, the exports to the United States and Germany show the greatest growth of 99.86% and 57.13%, respectively. Exports to the United States contributed over 20% of Taiwan's total global exports in 2021 - 23.89%, to be exact. The total export value of machinery for tillage, grading, etc., is $33.93 million in 2021. In contrast to the negative growth of exports for various regions in 2020, the exports to areas except for the Middle East and Africa all show positive growth in 2021. Taiwan’s largest export market is still Asia, and the growth of exports to the 18 countries in the New Southbound Policy is as high as 98.56%. A w w w . I M B 2 B . c o m INDUSTRY TRENDS By/ Infotrade 12