Taiwan's Machine Tool Exports Jump 56.8% in First Seven Months

Taipei, Oct. 5, 2010 (CENS)--Taiwan exported US$1.549 billion of machine tools in the first seven months of 2010, for a year-on-year growth of 56.8% from a year earlier, according to statistics compiled by the Taiwan Machine Tool Foundation (TMTF).

Exports for metal-cutting machine tools came to US$1.19 billion, up 58.6% and that for metal-forming machine tools totaled US$358.61 million, up 51.2%.

The exports of machining centers shot up 78.2% year-on-year, lathes 22.2%, grinding machines 88.3%, and drilling, boring and milling machines 67%. The exports of presses and shearing machines rose 48% year-on-year over the first seven months, with that of other metal-forming machines up 63.4%.

China and Hong Kong together led as export outlet by absorbing US$747.03 million of Taiwan-made machine tools in the first seven months, surging 104% year-on-year for 48.2% of the total exports. The U.S. was second with US$75.94 million, down 11.5% and commanding 4.9%. India was third with US$63.87 million, up 112% and accounting for 4.1%.

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

The TMTF's tallies also show Taiwan imported US$327.84 million of machine tools in the first seven months, up 77.1% year-on-year, including metal-cutting machine tools totaling US$269.03 million, up 80.5% and metal-forming machine tools amounting to US$58.8 million, rising 62.9%.

Japan was the island's largest supplier by selling US$198.46 million of machine tools to Taiwan in the first seven months, up 154% year-on-year for 60.5% of the total imports. Germany was second with US$17.18 million, down 8.8% and commanding 8.3%. China and Hong Kong together ranked third with US$20.49 million, up 53.6% and commanding 6.2%.

TMTF chief executive C.C. Wang says the leading producing nations of Asia, European Union and North America believe they will see substantial growths in production and exports of machine tools in 2010 based on outstanding sales in the first seven months.

Exports of Taiwan-made Machine Tools in Jan.-July 2010 by Product Unit: US$1,000
Products	Jan.-July 2009	Jan.-July 2010	Annual Change (%)
EDM, Laser-cutting Machines	40,561	72,909	79.8
Machining Centers	259,625	462,757	78.2
Lathes	235,159	287,284	22.2
Drilling, Boring, Milling Machines	115,053	192,191	67
Grinding Machines	46,580	87,701	88.3
Shaping, Sawing, Gearing Machines	53,779	87,965	63.6
Presses and Shearing Machines	188,177	278,544	48
Other Metal-forming Machines	49,008	80,069	63.4
Total	987,942	1,549,420	56.8
Source: Taiwan Machine Tool Foundation

 

Imports of Machine Tools by Taiwan in Jan.-July 2010 by Product Unit: US$,1000
Products	Jan.-July 2009	Jan.-July 2010	Annual Change (%)
EDM, Laser-cutting Machines	49,451	123,931	150.6
Machining Centers	16,086	26,748	66.3
Lathes	19,397	49,912	157.3
Drilling, Boring, Milling Machines	11,832	19,518	65
Grinding Machines	36,023	25,533	-29.1
Shaping, Sawing, Gearing Machines	16,244	23,396	44
Presses and Shearing Machines	29,817	52,010	74.4
Other Metal-forming Machines	6,292	6,796	8
Total	185,142	327,844	77.1
Source: Taiwan Machine Tool Foundation