Taiwan pavilion at Frankfurt auto parts show generates $147 million in orders
Taiwan's car parts industry landed a strong showing at the world's biggest auto parts trade fair in Germany, a good sign for exporters facing a shifting global market.
- Taiwan sent 324 companies to the Frankfurt show, the third-largest national turnout among 76 countries.
- The five-day event brought in close to $150 million in business deals for Taiwanese firms.
- Europe is Taiwan's second-biggest market for car parts, and demand there is shifting toward electric and smart vehicles.
- Taiwanese exhibitors included the world's largest maker of crash parts, plus door handles, sheet metal, and car electronics like tire pressure sensors.
- The government is funding these trade pushes from a special resilience budget as global trade conditions get rougher.
Outlook: Taiwan plans similar flagship pavilions at upcoming machine tool, auto parts, electronics, medical, and plastics shows in the US, Germany, and Japan.