Home   About Us    Sitemap   
>   Wood Taiwan 2018 showcases innovative woodworking machinery                 >   World's third-largest fastener show kicks off April 10 in Taiwan                >  DFON unveils new serum with MMpH+ to fight skin aging                 >  Taiwan offers innovative smart PV glass to Qatar                 >   TxMotion PEDELEC offers excitement, freedom and pleasure                 >  Cooler Master offers MasterAir MA620P with supercharged cooling performance                 >  Germany's energy ministry calls for more cooperation with Taiwan                 >  Wistron, Taiwan hospital partners to test exoskeleton robots                 >  TAITRA to hold smart city fair in central Taiwan in late July                 >  ASUS Republic of Gamers wins seven iF Design Awards 2018                 >  Major boat show to showcase the latest from Taiwan's leisure marine industry                 >  Taiwan Golden Bee targets farmers’ sporty side                 >  "Auto opening" buoyancy aid by 21Design Development                 >  Hiwin to seek investment opportunities in Japan                 >  Hiwin Technologies chairman Eric Chuo recently indicated that the company is seeking investment oppo                >  First PCIe solid state drive from Silicon Power                 >  TAITRA leads 13 startups to World Mobile Congress                 >  Taiwan's Taoyuan Aerotropolis Project on track to begin in 2018                >  UBIKE: innovation, quality, and service                 >  Taiwan cosmetics exports hit new high in 2017                 >  FSP and Bitspower launches Hydro PTM+: liquid cooled 1200W PSU                >  Taiwan readies blueprints to develop smart machinery                 >  Smart cycling innovations to headline Taipei Cycle                 >  Aeon planning to launch electric scooter this year                 >  Automotive and aviation shipments spur Global Tek annual revenue growth                >  TT and ASUS to launch exclusive motherboard water block                >  COTTAI has got all your window covering needs covered                 >  Long-Way, the master of sports protection and safety                 >  Contact TAIWAN fulfills your career dreams                >  TAITRA spotlighted industrial features in Kaohsiung, Pingtung, Hualien, Taitung and Penghu.                >  2018 Taiwan Trade Shows Calendar                >  Taiwan Trade Shows Travel Incentive Policy and Terms                
Taiwan cosmetics exports hit new high in 2017

  Taiwantrade news center: https://www.taiwantrade.com/mp/news-center

Taiwan Trade Center Miami


Taiwan's exports of cosmetics hit an all-time high in 2017, resulting mainly from the growing success of new Taiwanese cosmetics brands launched overseas.

According to the Ministry of Economic Affairs (MOEA), Taiwan's cosmetic product exports, including color makeup and skin care items, totaled US$730 million in 2017, up 13.2 percent from US$650 million seen a year earlier.

The previous high for a single year was US$660 million, set in 2014.

Many Taiwanese companies have introduced their own brands overseas in recent years and have stepped up shipments from Taiwan to meet the growing demand, the MOEA said, pointing to the 139 new cosmetics makers that sprouted up in the country in 2017.

China remained the largest overseas buyer of Taiwan's cosmetics products in 2017, accounting for 56.7 percent of total exports, compared with 54.2 percent in 2016, the MOEA said.

The United States had the second highest share of Taiwan's cosmetics exports at 10.9 percent, down from 12.5 percent in 2016, followed by the Association of Southeast Asian Nations at 8.9 percent and Japan at 4.2 percent, the MOEA added.

Skin care products were the most popular export item, with outbound sales up 22.2 percent from a year earlier at US$420 million, or 57.2 percent of the total, MOEA data showed.

The strong showing of Taiwanese skin care suppliers resulted from upgrades made to their products to meet the requirements of foreign markets and more effective market strategies that gave them greater visibility overseas, the MOEA said.

Source: Focus Taiwan

Iris Yu (iris.yu@taitra.org.tw) 

(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)
Tel. : +1 (305) 2669191 | Fax : +1 (305) 2668787 | E-mail : miami@taitra.org.tw