Taiwan's Machine Tool Exports Surge 63.3% Year-on-Year in Q1
2011/06/08 | By Ben ShenTaipei, June 8, 2011 (CENS)--Taiwan exported US$870 million wroth of machine tools in the first quarter of this year, up a whopping 63.3% year-on-year, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
Of the total, the first-quarter exports of metal-cutting machine tools came to US$703.41 million, up 69.2% year-on-year and that of metal-forming machine tools amounted to US$166.59 million, up 42.4%.
In terms of specific items, exports for machining centers amounted to US$295.651 million in the first quarter, up 83.1% year-on-year. Exports for lathes and grinding machines came to US$174.915 million and US$50.073 million, up 75.2% and 61.8% year-on-year respectively.
In respect of major export outlets, China and Hong Kong together ranked first by absorbing US$369.41 million worth of machine tools from Taiwan in the first quarter, up 58.2% from a year earlier and accounting for 42.5% of the total exports. The second place went to the U.S. with US$61.06 million, up 141.6% and commanding 7%. Turkey came third with US$41.14 million, up 132.8% and accounting for 4.7%.
Other major export destinations, in descending order, were Thailand, Brazil, India, Germany, Malaysia, Indonesia, South Korea, the Netherlands, Vietnam, Japan, United Kingdom and Russia.
The TMTF's tallies also show Taiwan imported US$206.91 million worth of machine tools in the first quarter of this year, up 73.3% year-on-year. Of this, imports of metal-cutting machine tools came to US$177.21 million, up 74.3% year-on-year and that of metal-forming machine tools amounted to US$29.7 million, up 67.4%.
Japan was the largest import source by selling US$136.46 million worth of machine tools to Taiwan in the first quarter, up 96.4% year-on-year. Switzerland ranked second with US$18.98 million, up 604.2% and commanding 9.2%. Germany came third with US$12.8 million, down 2.7% and accounting for 6.2%.
Exports of Taiwan-made Machine Tools in Jan.-March 2011 by Products | |||
Products | Jan.-March 2010 | Jan.-March 2011 | Annual Change (%) |
EDM, Laser-cutting Machines | 26,991 | 45,823 | 69.8 |
Machining Centers | 161,433 | 295,651 | 83.1 |
Lathes | 99,765 | 174,815 | 75.2 |
Drilling, Boring, Milling Machines | 62,948 | 93,210 | 48.1 |
Grinding Machines | 30,938 | 50,073 | 61.8 |
Shaping, Sawing, Gearing Machines | 33,640 | 43,840 | 30.3 |
Presses and Shearing Machines | 88,019 | 123,042 | 39.8 |
Other Metal-forming Machines | 29,009 | 43,553 | 50.1 |
Total | 532,743 | 870,007 | 63.3 |
Source: Taiwan Machine Tool Foundation |
Imports of Machine Tools from Taiwan in Jan.-March 2011 by Products | |||
Products | Jan.-March 2010 | Jan.-March 2011 | Annual Change (%) |
EDM, Laser-cutting Machines | 48,389 | 74,836 | 54.7 |
Machining Centers | 6,642 | 33,740 | 408 |
Lathes | 16,853 | 21,380 | 26.9 |
Drilling, Boring, Milling Machines | 8,394 | 4,248 | -49.4 |
Grinding Machines | 11,401 | 23,165 | 103.2 |
Shaping, Sawing, Gearing Machines | 9,993 | 19,843 | 98.6 |
Presses and Shearing Machines | 16,656 | 23,523 | 41.2 |
Other Metal-forming Machines | 1,090 | 6,177 | 466.7 |
Total | 119,418 | 206,912 | 73.3 |
Source: Taiwan Machine Tool Foundation |