cens logo

Machine Tool Exports Reduced by 30% in February

Mar 12, 2020 | By CENS

The Taiwan Machinery Association (Taiwan Machinery Association) announced that the export value of Taiwan 's machinery and equipment in the first two months of the year was 3.96 billion U.S. dollars, a decline of 8% from the same period last year, mainly due to the double pinch of the new crown pneumonia epidemic and the appreciation of the New Taiwan dollar; , A decrease of 10.5% compared to the same period last year.

Machine Tool Exports Reduced by 30% in FebruaryMachine Tool Exports Reduced by 30% in February
The top three items of export value were electronic equipment of US $ 497 million, an increase of 1.4%, accounting for approximately 12.6%; inspection and measurement equipment of US $ 479 million, an increase of 9.5%, accounting for 12.1%; machine tools of US $ 331 million, a decline 28.9%, accounting for 8.4%.

It is worth noting that in the first two months of this year, Taiwan 's machine tool exports decreased by nearly 30%, and the decline was rare in recent years, becoming a hardest hit area. Kobahi, the chairman of the Taiwan Machinery Association, said that the January holiday period this year was five working days less than the same period last year. In February, a new crown pneumonia epidemic was encountered. In addition, New Taiwan dollar is a strong currency, which is not conducive to the export of machine tools.

In fact, the global machine tool market is in a doldrums. The American Machinery Manufacturers Association (AMT) released the latest statistics. In January, machine tool orders fell 32% to 269 million US dollars, a record low in the past three years. Japan's February work machine orders also fell 33% from the same period last year.

Kobishi did not say that due to the impact of the new crown pneumonia epidemic, Taiwan 's machinery and equipment exports to China fell by 48%, the United States also decreased by 23%, India by 33%, Japan by 52%, Germany by 46%, and Vietnam by 26%. Italy decreased by 43%.

In the first two months of export growth, only a few countries, such as Turkey, grew 128%, Indonesia 75%, South Korea 17%.

As for the top three items of import value, electronic equipment was 3.224 billion US dollars, an increase of 37.8%, accounting for 46.8%; inspection and measurement equipment was 1,266 million US dollars, an increase of 15.6%, accounting for 18.4%; pulleys, 371 million US dollars, an increase of 18.1% , Accounting for 5.4%. Display electronics, semiconductor industry investment is still booming.

Ko said that the value of the Taiwan dollar against the US dollar rose by 2.54% from January to February this year compared with the same period last year. At present, the New Taiwan dollar is 30.095 yuan against the US dollar. Compared with the Japanese yen and South Korean won, it is still a strong currency, which is not conducive to exports and global market competition. The government should face it squarely.


Industry Reports

Epidemic Hits Automotive Industries Hard</h2>

Epidemic Hits Automotive Industries Hard

Mar 12, 2020

The pneumonia epidemic in Wuhan has spread. IHS Markit, a world-renowned economic forecasting and business consulting agency, predicts that the impact on the global industry this year will be the worst impact on the automotive and component industries, with a performance decline of 4.4%, followed by the computer and electronics, and restaurant industries. IHS Markit predicts that due to the ep...


Taiwanese Machine Tool Industry Completes 60 Mask Machine in 25 Days</h2>

Taiwanese Machine Tool Industry Completes 60 Mask Machine in 25 Days

Mar 11, 2020

The mask machine of team 60 is a group formed by the Taiwan Machine Tool and Component Industry Association. After 25 days, nearly 100 people from the northern, central, and southern electromechanical elites will keep their mission to the people in the spirit of a mission. Promise that the mask machine is finished and shipped. Successfully completed the boarding in 3/5 and sent to the designated ...


China Steel Corporation Will Optimize Production and Sales</h2>

China Steel Corporation Will Optimize Production and Sales

Mar 11, 2020

China Steel Corporation's (CPC) self-assessed February revenue was 26.06 billion yuan, an annual decrease of 4.23%. With the global epidemic of the new crown pneumonia epidemic, it may lead to the weakening of international steel production and sales, coupled with the plunge in oil prices, the global economy is frightened and needs time to settle.CPC emphasizes that it has no pessimistic right an...



Industry In-Focus

Three Models of Taiwanese Businessmen Entering the Mainland Electric Vehicle Supply Three models of Taiwanese businessmen entering the mainland electric vehicle supply Chain</h2>

Three Models of Taiwanese Businessmen Entering the Mainland Electric Vehicle Supply Three models of Taiwanese businessmen entering the mainland electric vehicle supply Chain

Feb 04, 2020

China is the world's largest producer and seller of electric vehicles. In 2020, electric vehicle sales will look at 2 million units, driving the rapid growth of industries such as batteries, connected cars, autonomous driving and charging equipment. Although the Chinese electric vehicle market is dominated by domestic production and domestic sales, due to the current lack of technology and R & D ...


Machinery tool booming in 2020</h2>

Machinery tool booming in 2020

Jan 21, 2020

he Taiwan Machine Tool & Parts Association held a joint meeting of supervisors and supervisors . The meeting was optimistic about the outlook for the machine tool and component industry next year. The joint board of supervisors and supervisors was chaired by Chairman Xu Wenxian. Industry representatives at the meeting believed that the global supply chain migration in 2020 was roughly finalize...


Taiwan Machinery Grab Biz Opportunity in India</h2>

Taiwan Machinery Grab Biz Opportunity in India

Jan 15, 2020

Organized by the Indian Machine Tool Association, the 2020 Indian International Metal Forming Machinery Exhibition (IMTEX FORMING) is the most influential metal forming machinery exhibition in Southeast Asia. The exhibition period is from January 23 to 28, and it will be held at the Bangalore International Convention and Exhibition Center in India. Out. In 2018, India was the fourth largest ex...



Supplier News

Power & Hard Industry Co., LTD.</h2><p class='subtitle'>crimping tools, steel-wire cutters, cable cutters, steel-rope cutters</p>

Power & Hard Industry Co., LTD.

crimping tools, steel-wire cutters, cable cutters, steel-rope cutters

Feb 05, 2020

Power & Hard Industry Co., Ltd. specializes in designing and producing professional pliers. Having been in the industry for over 20 years and rolling out their own brand called “Flying Fish,” the firm has largely concentrated on producing high-quality hand tools and various pliers as a professional manufacturer. Power & Hard Industry’s newly announced 17” Steel Wire & Cable Cutter has especially ...

POWER & HARD INDUSTRY CO., LTD.


Londa's LED Increased with More Automotive Lighting Market </h2>

Londa's LED Increased with More Automotive Lighting Market

Jan 16, 2020

In 2018, European and American international car manufacturers have automatically turned on the daytime running light function in new-style cars to reduce the accident rate. However, the trend of LED lights has become a major trend. In addition, active steering in advanced driver assistance systems (ADAS) Both headlights (AFS) and auto-adjustable headlight systems (ADB) have introduced LEDs one a...


A-Tina Co., Ltd.</h2><p class='subtitle'>Home Pair Tool, Power Tool Accessories, Household Tool Kit</p>

A-Tina Co., Ltd.

Home Pair Tool, Power Tool Accessories, Household Tool Kit

Jan 10, 2020

Founded in 1975 in Taichung, A-Tina Co., Ltd. is an industry leader in hand tools. With around 45 years of manufacturing experience, it can provide customization in accordance to client requirements. The company offers various tool cases in materials such as hollow molding in plastic, aluminum, iron, and nylon. and a wide variety of tool kits for different project purposes, including auto repair,...

A-TINA TOOLS COMPANY LTD.



Insiders' Views

Caption: Pictured from front row, third right, Changhua County Government Economic Affairs Department Director Liu Yu-ping, County Magistrate Wang Huei-mei, Secretary Chen Bo-tsun pose in front of the exhibition booth. (Photo provided by CHCIA)

Changhua County Government Shores up Biz-Matching to Global Buyers

Nov 18, 2019

■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...


Paul Master offers high-quality chassis and engines parts for passenger cars, trucks, and industrial trucks. (Photo courtesy of Paul Master)

Paul Master Builds Reputation with Auto Chassis and Engine Parts

Nov 18, 2019

Founded in 1980, Paul Master Auto Parts Co. is headquartered in Taiwan, a professional manufacturer of chassis and engines parts for passenger cars, trucks, and industrial trucks including forklifts. General Manager Terry Liang said the company has its own professional design department, which provides customized products and specifications for global buyers, including automobile steering and...

PAUL MASTER AUTO PARTS CO.


Nan Hoang Traffic Instrument Co., Ltd.</h2><p class='subtitle'>Taiwan First brakes Technology Co., Ltd. </p>

Nan Hoang Traffic Instrument Co., Ltd.

Taiwan First brakes Technology Co., Ltd.

Sep 04, 2019

Nan Hoang Traffic Instrument Co., Ltd is one of the major manufacturers of automobile friction materials in Taiwan and globally. Chairman Austin Cheng has implemented the double-arrow strategy this year - own brand of “YangPo” is adopted to focus on global channels while the “NHC brand focuses on improving market shares in global markets, such as Europe, America, Asia, Australia, and the Middle E...



Exhibition Highlights

ITES 2020: COVID-19 Manufacturing Exhibition Crisis Response</h2>

ITES 2020: COVID-19 Manufacturing Exhibition Crisis Response

Feb 25, 2020

Since increasingly severe COVID-19 epidemic spread out in past 30 days, China economy has been dampened. Greater global connectivity and supply chain dependency on China and reliance on Chinese consumption currently, without a doubt, COVID-19 triggers a greater economic fragility. Emergent Production Adjustment As the fight against the novel coronavirus outbreak intensifies, Chinese local a...


AUTOMECHANIKA 2019

Auto aftermarket experts to analyse prospects at Automechanika Dubai with ME market to reach US$18.5 bn by 2023

Feb 17, 2020

Growth indicators in the automotive industry will drive opportunities in aftermarket sales Dubai, UAE: The automotive aftermarket’s business prospects have been underlined by a valuation forecast of US$18.5 billion by 2023, and suppliers and manufacturers are now looking to Automechanika Dubai, the largest international trade show for the automotive aftermarket and service industry in the MEA ...


Fastener Expo Shanghai 2020</h2>

Fastener Expo Shanghai 2020

Feb 13, 2020

Opening Time: 3-5 June, 2020 Venue: National Exhibition and Convention Center (Shanghai) Organisers: Shanghai ITE Ebseek Exhibition Co., Ltd. Fastener Expo Shanghai 2020, has been deeply rooted in the industry for 11 years, and has always been developing and expanding with the purpose of being professional, efficient, open and innovative. It can be called the benchmark event in the gl...