Exports of Taiwan-made Machine Tools Grow 68.2% in First Two Months
2011/05/05 | By Ben ShenTaipei, May 5, 2011 (CENS)--Taiwan exported US$524.04 million wroth of machine tools in the first two months of this year, up a whopping 68.2% year-on-year, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
The tallies showed that exports of metal-cutting machine tools came to US$421.02 million, up 74.2% year-on-year and those of metal-forming machine tools amounted to US$130.1 million, up 47.4%.
In the first two months of this year, the year-on-year export growth was 92% for machining center, 72% for lathes, 64.2% for grinding machines, 70.6% for drilling, boring and milling machines, 42.1% for presses and shearing machines, 61.1% for other metal-forming machines.
In terms of major export outlets, China and Hong Kong together ranked first by absorbing US$210.7 million worth of Taiwan-made machine tools in the first two months of this year, up 71.9% year-on-year and accounting for 40.2% of the total exports. The second place went to the U.S. with US$38.56 million, up 120.4% and commanding 7.4%. Turkey ranked third with US$25.83 million, up 156.7% and accounting for 4.9%.
Other major export outlets, in descending order, were India, Thailand, Brazil, Malaysia, Indonesia, Germany, South Korea, the Netherlands, Vietnam, Japan, United Kingdom and Singapore.
The TMTF's tallies also show Taiwan imported US$135.15 million worth of machine tools in the first two months of this year, up 75.9% year-on-year. The import value of metal-cutting machine tools came to US$119.77 million, up 77% and that of metal-forming machine tools amounted to US$15.38 million, up 67.9%.
In terms of major import sources, Japan ranked first by selling US$88.37 million wroth of machine tools to Taiwan in the first two months of this year, up 85.9% year-on-year. Switzerland came second with US$16.7 million, up a whopping 1,198.3% and accounting for 12.4%. Germany ranked third with US$6.63 million, up 45.2% and commanding 4.9%.
Taiwan's Exports of Machine Tools in Jan.-Feb. 2011 by Products Unit: US$1,000 | |||
Products | Jan.-Feb. 2010 | Jan.-Feb. 2011 | Annual Change (%) |
EDM, Laser-cutting Machines | 16,433 | 25,840 | 57.2 |
Machining Centers | 92,015 | 176,690 | 92 |
Lathes | 60,311 | 103,764 | 72 |
Drilling, Boring, Milling Machines | 32,102 | 54,768 | 70.6 |
Grinding Machines | 20,445 | 33,573 | 64.2 |
Shaping, Sawing, Gearing Machines | 20,420 | 26,391 | 29.2 |
Presses and Shearing Machines | 50,216 | 71,344 | 42.1 |
Other Metal-forming Machines | 19,659 | 31,670 | 61.1 |
Total | 311,601 | 524,040 | 68.2 |
Source: Taiwan Machine Tool Foundation |
Taiwan's Imports of Machine Tools by Products Unit: US$1,000 | |||
Products | Jan.-Feb. 2010 | Jan.-Feb. 2011 | Annual Change (%) |
EDM, Laser-cutting Machines | 35,726 | 50,868 | 42.4 |
Machining Centers | 4,224 | 19,546 | 362.7 |
Lathes | 8,258 | 13,718 | 66.1 |
Drilling, Boring, Milling Machines | 6,067 | 2,273 | -62.5 |
Grinding Machines | 5,669 | 17,590 | 210.3 |
Shaping, Sawing, Gearing Machines | 7,730 | 15,776 | 104.1 |
Presses and Shearing Machines | 8,203 | 11,025 | 34.4 |
Other Metal-forming Machines | 959 | 4,355 | 354.1 |
Total | 76,836 | 135,151 | 75.9 |
Source: Taiwan Machine Tool Foundation |