Green Trade Report In 2017January 09, 2018
With the global trend of eco-friendliness and low-carbon technology, green trade in every country has gradually increased. According to the data of import/export from Ministry of Finance, the export of green products in Taiwan in 2016 reached USD 44.1 billion compared to that in 2015 decreased by 10.27%, accounting for 15.74% of our total export amount. As for the import, it reached USD 38.4 billion and increased by 22.51% compared to that in 2015, accounting for 16.67% of our total import amount. For the past few years, our green trade has been in surplus.
The factors that have impact on green trade import/export are various, such as:
- International factors: global economy up/down, market demands, oil price, exchange rates between different countries, political strategies and rules
- Domestic factors: Upgrading industry structure, expanding export markets, investing in related products
Generally, our export in 2014-2016 fell due to global economic decline, however, with the recovery of economy, the market demand has risen in 2017, which brought up our export continuously.
Export: the top 20 markets
In 2016, our main markets are mainly in China and Hong Kong. The total export amount from both reached USD 22.5 billion, accounting for 51.06% of our green product export.
The top 5 markets are the same as in 2015, as below:
- China (decreased by 14.81% and accounted for 35.31%, compared to that in 2015)
- Hong Kong (decreased by 3.22% and accounted for 15.74%, compared to that in 2015)
- USA (decreased by 13.82% and accounted for 11.37%, compared to that in 2015)
- Japan (decreased by 4.38% and accounted for 5.19%, compared to that in 2015)
- Germany (decreased by 9.34% and accounted for 3.01%, compared to that in 2015)
The total export amount from them reached USD 31.1 billion, though decreased by 10.20% compared to that in 2015, it still accounted for 70.63% of our green product export, which means for the past few years, our main markets are in developed countries.
Besides, the top 20 markets include several southeastern countries, like Vietnam, Singapore, Malaysia, Philippines, and Indonesia. The total export amount from those countries reached USD 4 billion, accounting for 9.10% of our green product export. And compared to that in 2015, with Singapore, Vietnam, Malaysia, Philippines and Thailand being the top 5 markets, the export amount has grown by 1.56% in 2016, increasing by 1.06% in the green product export ratio, which means southeastern countries have underwent rapid economic growth these years.
The government is in an active process of economic reform and infrastructure upgrade, moreover, now the low-carbon technology has been trending, every country is developing in fields like energy efficiency, green buildings, low-carbon transportation and such, bringing up the demand for green products, service and technology.
Import: the top 20 markets
In 2016, our main markets are in Japan and China, both reaching USD 17.2 billion, accounting for 44.92% in green product import.
The top 5 markets are as below,
- Japan (increased by 20.53% and accounted for 28.88%)
- China (increased by 2.11% and accounted for 16.04%)
- USA (increased by 11.41% and accounted for 14.36%)
- South Korea (increased by 62.52% and accounted for 8.53%)
- Netherlands (increased by 66.02% and accounted for 7.35%)
Those countries reached USD 29 billion, compared to that in 2015 (Japan, China, USA, South Korea, Germany), the import amount increased by 19.83%, accounting for 75.15% of our green product import, which shows these years our import markets are generally the same as export markets, focusing on China, Europe, USA, Japan and South Korea.
In addition, the top 20 markets also include several southeastern countries like, Singapore, Malaysia, Thailand, Philippines and Vietnam, reaching USD 3.7 billion in import amount, accounting for 9.72% of our green product import. Compared to 2015, when Singapore, Malaysia, Thailand, Philippines, Vietnam and Indonesia were included in Top 20, the import in 2016 increased by 32.09% and 0.7% in green product import ratio.
Reference: 2017 Green Trade Statistical Yearbook, published by Ministry of Economic Affairs