Date: 2013-07-31

Taiwan Machinery Industry Sees Exports Grow 26.5% in First 10 Months of 2011

Taiwan exported US$17.684 billion worth of machinery in the first 10 months of 2011, up 26.5% from a year earlier, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).

The sector of machine tools ranked first with export value reaching US$3.294 billion in the first 10 months of 2011, up 39.1% year-on-year. The second place went to the sector of plastic and rubber processing machinery with US$1.126 billion, up 17.8%. The sector of bearings, gears and ball screws ranked third with US$1.113 billion, up 48.7%.

Other major export items, in descending orders, were special-purpose machinery; pumps, compressors and fans; valves and parts; machine-tool components; paper making and printing machinery; textile machinery; woodworking machinery; sewing, leather and shoemaking machinery; molds and dies; and food processing and packaging machinery.

In terms of major export outlets, China and Hong Kong together ranked first by absorbing US$6.107 billion worth of Taiwan-made machinery in the first 10 months of 2011, up 28.7% year-on-year and accounting for 34.5% of the total exports. The U.S. came second with US$2.479 billion, up 21.2% and commanding 14%. Japan ranked third with US$1.01 billion, up 37.5% and commanding 5.7%.

Other major export outlets, in descending order, were Thailand, Vietnam, Germany, India, Indonesia, South Korea, Malaysia, Turkey, Singapore, the Netherlands, Italy, United Kingdom, the Philippines, Australia, Canada, Russia, France, Mexico, United Arab Emirates, Spain, Saudi Arabia, and Finland.

The TAMI

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