SMEs in Taiwan optimistic about export prospects for next year

Small and medium-sized enterprises (SMEs) in Taiwan remain broadly optimistic about export prospects despite global economic volatility, according to a recent global study commissioned by FedEx Express (FedEx), one of the world’s largest express transportation companies.

In total, 79 percent of local SMEs saw stable or increased exports over the past year, generating an average of NT$39.4 million (US$1.23 million) in revenue and accounting for 70 percent of overall revenue for the year, the report shows.

About 42% of SMEs forecast average growth in exports of 17 percent for the coming year with e-commerce fueling the optimism, it adds.

“The study proves the continued strength and agility of SMEs as they steadily weather the macroeconomic environment,” said Michael Chu, managing director of FedEx Express, Taiwan.

“At the heart of SMEs’ strength is their penetration into e-commerce, which opens up a world of opportunities. This is particularly crucial in this challenging business environment as e-commerce allows SMEs to expand their income streams and build resilience in both good and bad times,”Chu said.

In Taiwan, 83 percent of SMEs generate sales from e-commerce and m-commerce (mobile commerce), with average annual revenue of NT$13.53 million and NT$9.02 million, respectively.

As their confidence in e-commerce continues to increase half of all SMEs foresee growth in e-commerce income in the coming year, he said.

Completed in September 2016, the study, entitled “Global Trade in the Digital Economy: Opportunities for Small Businesses,” was conducted by Harris Interactive and the results are based on interviews with 500 senior executives at Taiwan SMEs, among a total of 9,000 globally in 17 markets, including six in the Asia Pacific region.

Source: Focus Taiwan News Channel

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