Taiwan`s Machinery Exports Grow 54% in First Eight Months

Taiwan`s machinery exports and imports grew 54.8% and 98.3% year-on-year to reach US$10.656 billion and US$16.483 billion, respectively in the first eight months, according to preliminary statistics compiled by the Taiwan Association of Machinery Industry (TAMI).

Seeing the robust growth in both exports and imports, the TAMI has raised projections of the overall production value for the industry to NT$950 billion this year, up 5% from the peak of NT$910 billion in 2008.

TAMI president C.C. Wang said the domestic machinery industry is buoyed by strong outlook with many manufacturers having received steady orders for delivery in the third and fourth quarters, and that the uptrend is mainly driven by strong demand from emerging markets as China, India and Brazil.

Wang said, in the first half, that China was the island’s largest export outlet by absorbing US$2.56 billion of domestically made machinery, surging 84.5% year-on-year for 33.8% of the total exports. The second place went to the U.S. with US$1.15 billion, up 25.6% and commanding 15.3%.

To help local machinery manufacturers build global presence, the Taiwan Machine Tool & Accessory Builder’s Association (TMBA) will organize the first Taiwan International Machine Tool Show (TMTS), to be held Nov. 3-7 at the Taichung City ShuiNan Economic and Trade Park, where various metalworking technologies and machinery will be shown, including machine tools, precision tools and complete systems. Taichung is a fitting locale for the trade fair for the city is the manufacturing hub for a variety of industries, including precision machinery, metalworking, information and communications technologies (ICT), optoelectronics, medical equipment and warehousing etc.

Eric Y.T. Chuo, newly selected chairman of the TMBA, noted leading domestic machinery manufacturers are eager to take part in the show, due to having landed enough orders for the rest of the year.

(by Ben Shen)


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