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The crown jewels of Taiwan's agricultural exports: Grouper exports jump by 40% while moth orchids close in on the US$100-billion mark
Unaffected by the global recession and the eurozone financial crisis, Taiwan’s agricultural exports have continued to grow; by the end of March 2012, the country’s total agricultural exports amounted to US$1.17 billion, reflecting a 3.5% increase in comparison to the same quarter last year. Out of the 33 products that make up the bulk of the nation’s agricultural exports, the exports of groupers have increased by 40% in comparison to the same quarter last year, tallying US$15 million in terms of sales. The exports of Phalaenopsis orchids, commonly known as moth orchids, have also increased by 23%, and its trade volume may potentially exceed US$100 million by the end of the year. Overall, the top 33 products have contributed to US$202 million in agricultural exports, which translates into an increase of 10.5% in comparison to the same quarter last year.
The top five agricultural items, their exported growth rates in the first quarter of 2012 are groupers 40%, moth orchids 23%, sea basses 63%, sugar apples 110% and milkfish 130% respectively. In terms of the nation’s major trading partners, the top three export countries are Japan (5.6%), China (15.7%) and the United States (16.6%). The quality of the nation’s agricultural produce is further reflected by the steady annual growth in agricultural exports; the total export volume in 2011 was valued at US$4.66 billion, representing a 16% increase from the total export volume of US$4.02 billion in 2010.
Aquaculture power: Grouper exports jump by
40%
The nation’s command of grouper breeding
techniques and suitable breeding grounds has driven the rapid growth of the
domestic grouper industry in recent years. Combined with the opening of direct
flights across the Taiwan Strait, the development of live-fish transportation
fleets and the signing of early harvest programs under the Economic Cooperation
Framework Agreement (ECFA) with China,
the total export volume of domestic groupers has exceeded US$52.94 million at
the end of March 2012. The grouper-breeding industry is expected to continue
its expansions, as the total export volume has increased by 40% in comparison
to the output by the same quarter last year. On a similar note, the US$41.90
million’s worth of groupers exported to China by March 2012 represents an
increase of 35% in comparison to the same quarter last year.
Beautiful orchids enjoy a dazzling export
growth of 23%
Years of effort in the cultivation of new
Phalaenopsis species, the refinement of horticultural techniques and the
improvement of long-distance flora transportation have come to fruition. After
the United States began
importing orchids potted in sphagnum moss in 2005, it overtook Japan in 2008 to become the number one country
for the Taiwan’s
orchids. Furthermore, the world demand for moth orchids defied the 2009 global
financial crisis, as proven by a 19.3% increase in total export volume between
2010 and 2011. Orchid exports, which raked in a total of US$98.47 million last
year, have tallied US$25.90 million in the first quarter of 2012, representing
a 23% increase in comparison to the same quarter last year and igniting hopes
of exceeding the US$100-million mark by the end of this year.
With the goal of introducing local produce to foreign markets, the Council of Agriculture (COA) has launched an action plan consisting of attending international trade shows, cooperating with foreign retail enterprises, establishing permanent off-shore trade offices and inviting oversea buyers to open new trade routes. Such policy and measures taken by the COA aim to increase international recognition of the island’s quality produce and to open new trade doors for the domestic agricultural sector in the international markets.