Taiwan's Machinery Exports Surge 53.4% in First 11 Months of 2010

Taipei, Feb. 10, 2011 (CENS)--Taiwan exported US$15.592 billion worth of machinery products in the first 11 months of 2010, representing a 53.4% year-on-year growth, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).

In terms of major export items, machine tools ranked first with export value totaling US$2.665 billion in the first 11 months of 2010, up 70% from a year earlier. Plastics and rubber processing machinery came second with US$1.067 billion, up 59.1%. Special-purpose machines took third with US$1.008 billion, up 57%. The fourth place went to the category of pumps, compressors and fans with US$883.61 million, up 47.7%. The fifth place was the category of bearings, gears and ball screws with US$840.91 million, up 76.8%.

Other major export items, in descending order, were valves and parts; papermaking and printing machinery; machine-tool parts and components; textile machinery (excluding sewing machinery); woodworking machinery; sewing machines, leather and shoe-making machines; molds and dies; and food and packaging machines.

In terms of major export destinations, China ranked first by absorbing US$5.316 billion worth of Taiwan-made machinery in the first 11 months of 2010, up 92.6% year-on-year and accounting for 34.1% of the total exports. The U.S. came second with US$2.267 billion, up 33.7% and commanding 14.5%. Japan ranked third with US$821.76 million, up 20.7% and accounting for 5.3%.

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

The TAMI's tallies also show Taiwan imported US$24.58 billion worth of machinery products in the first 11 months of 2010, up 82.3% from the corresponding period.

In respect of major import items, the machines for ICs and semiconductors ranked first with import value totaled US$11.924 billion in the first 11 months of 2010, up 133.4% year-on-year and accounting for 48.5% of the total imports. The second place went to special-purpose machines with US$2.091 billion, up 83.7% and commanding 8.5%. The category of pumps, compressors and fans stood at the third place with US$1.109 billion, up 65.8%.

Other major import items, in descending order, were the categories of equipment for materials treatment; engines and parts; machinery parts; machine tools; valves and parts; glassware making machinery; air-conditioning and refrigeration equipment; textile machinery; handling equipment; and plastics and rubber processing machinery.

In terms of major import sources, Japan ranked first by selling US$9.901 billion wroth of machinery to Taiwan in the first 11 months of 2010, up 83.3% and commanding 40.3% of the total imports. The second place went to the U.S. with US$5.328 billion, up 98.1% and accounting for 21.7%. China and Hong Kong together ranked third with US$2.132 billion, up 52% and accounting for 8.7%. Other major import sources, in descending order, were Germany, South Korea, Switzerland, Italy, United Kingdom, and France.

Exports of Taiwan-made Machinery by Product Category, Jan.-Nov. 2010 Unit: US$ million
Rank	Product Category	Jan.-Nov. 2009	Jan.-Nov. 2010	Annual Change (%)
1	Machine Tools	1,568,558	2,665,995	70
2	Plastics & Rubber Machinery	671,248	1,067,940	59.1
3	Special-purpose Machinery	642,559	1,008,822	57
4	Pumps, Compressors, Fans	598,117	883,611	47.7
5	Bearings, Gears, Ball Screws	475,577	840,910	76.8
6	Valves & Parts	602,326	838,265	39.2
7	Paper Making, Printing Machinery	390,314	714,102	83
8	Machine-tool Parts & Components	364,871	704,852	93.2
9	Textile Machinery	334,961	526,997	57.3
10	Woodworking Machinery	328,682	515,432	56.8
11	Sewing Machines; Leather & Shoe-making Machines	281,481	453,273	61
12	Molds & Dies	374,606	416,903	11.3
13	Food & Packaging Machinery	272,667	376,590	38.1
	Others	3,260,810	4,578,605	40.4
	Total	10,166,777	15,592,290	53.4
Source: Taiwan Association of Machinery Industry

Imports of Machinery into Taiwan by Product Category, Jan.-Nov. 2010 Unit: US$ million
Rank	Product Category	Jan.-Nov. 2009	Jan.-Nov. 2010	Annual Change (%)
1	Machinery for ICs, Semiconductors	5,108,804	11,924,665	133.4
2	Special-purpose Machinery	1,138,492	2,091,152	83.7
3	Pumps, Fans, Compressors	663,974	1,100,942	65.8
4	Equipment for Materials Treatment	609,586	844,438	38.5
5	Engines & Parts	664,194	844,227	27.1
6	Components and Parts	664,194	844,227	27.1
7	Machine Tools	305,585	652,549	113.5
8	Valves & Parts	369,494	574,744	55.5
9	Glassware-making Machinery	340,258	536,650	57.7
10	Air Conditioning & Refrigeration Equipment	340,285	435,509	28
11	Textile Machinery	159,579	311,553	95.2
12	Handling Equipment	357,384	286,564	-19.8
13	Plastics & Rubber Machinery	156,309	266,094	70.2
	Others	2,606,784	3,867,546	48.4
	Total	13,484,922	24,580,860	82.3
Source: Taiwan Association of Machinery Industry