Taiwan`s Machine Tool Exports Grow 70% YoY in First 11 Months of 2010

Taiwan exported US$2.665 billion worth of machine tools in the first 11 months of 2010, representing a 70% year-on-year growth, according to statistics compiled by the Taiwan Machine Tool Foundation (TMTF).

Exports of metal-cutting machine tools came to US$2.096 billion, up a whopping 75.7% from a year earlier, and that of metal-forming machine tools amounted to US$569.85 million, up 51.6%.

A further breakdown showed that exports for machining centers grew 100.8% year-on-year in the first 11 months of 2010, and those of lathes, grinding machines, and milling and boring machines shot up 40.3%, 101.2% and 79.5%, respectively.

Hong Kong and mainland China together was the largest export destination, absorbing US$1.24 billion worth of Taiwan-made machine tools in the first 11 months of 2010, up 113.4% year-on-year and accounting for 46.5% of the total exports. The U.S. ranked second with US$142.16 million, up 21.9% and commanding 5.3%. India came third with US$117.06 million, up 118.9% and accounting for 4.4%.

Other major export outlets, in descending order, were Thailand, Turkey, Brazil, Malaysia, South Korea, Indonesia, Vietnam, Germany, the Netherlands, Italy, Japan, and Singapore.

The TMTF`s tallies also showed Taiwan imported US$652.54 million worth of machine tools in the first 11 months of 2010, up 113.5% year-on-year. Imports of metal-cutting machine tools came to US$531.58 million, up 117.2% and that of metal-forming machine tools amounted to US$102.09 million, shooting up 98.7%.

Japan was the island`s largest import source, selling US$388.82 million wroth of machine tools to Taiwan in the first 11 months of 2010, up 165.2% from a year earlier and accounting for 59.6% of the total imports. Germany came second with US$58.7 million, up 36.1% and commanding 9%. The third place went to Switzerland with US$41.5 million, up 133.5% and accounting for 6.4%.

Exportsof Taiwan-made Machine Tools in Jan.-Nov. 2010 by Products
Unit: US$1,000
Products Jan.-Nov. 2009 Jan.-Nov. 2010 Annual Change (%)
EDM, Laser-cutting Machines 69,332 127,731 84.2
Machining Centers 418,147 839,692 100.8
Lathes 355,549 498,680 40.3
Drilling, Boring, Milling Machines 181,533 325,907 79.5
Grinding Machines 78,940 158,859 101.2
Shaping, Sawing, Gearing Machines 89,217 145,270 62.8
Presses and Shearing Machines 288,044 435,508 51.2
Other Metal-forming Machines 87,796 134,348 53
Total 1,568,558 2,665,995 70
Source: Taiwan Machine Tool Foundation

 

Importsof Machine Tools by Taiwanin Jan.-Nov. 2010 by Products
Unit: US$1,000
Products Jan.-Nov. 2009 Jan.-Nov. 2010 Annual Change (%)
EDM, Laser-cutting Machines 89,759 238,238 165.4
Machining Centers 23,552 47,444 101.4
Lathes 36,864 85,122 130.9
Drilling, Boring, Milling Machines 16,326 28,248 73
Grinding Machines 51,120 71,805 40.5
Shaping, Sawing, Gearing Machines 27,090 60,726 124.2
Presses and Shearing Machines 52,527 106,818 103.4
Other Metal-forming Machines 8,347 14,148 69.5
Total 305,585 652,549 113.5
Source: Taiwan Machine Tool Foundation

(by Ben Shen)

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