Hand tool sector grew 19.2% q/q in 2010.

By bne IntelliNews April 25, 2011
Taiwan's hand tool industry grew 19.2% q/q reaching at TWD 14.65bn of products in the fourth quarter of last year. As reported by Taiwan Economic News, according to the report published by the ITIS (Industry & Technology Intelligence Services) Project, Metal Industries Research & Development Centre (MIRDC), the output value was 8.3% below that in the third quarter of last year, mainly because of the rising new Taiwan dollar. . The hand tool exports increased 19.2% yearly but decreased 8.4% quarterly and reached TWD 13.7bn in the quarter, whereas imports noticeably grew 50.6% y/y to TWD 1.22bn, decreasing 6.9% from the earlier quarter.

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