cens logo

Machinery exports hits sixth-consecutive-month growth: TAMI

Mar 11, 2021 | By EDN

Taiwan Association of Machinery Industry (TAMI) announced export figures for machinery equipment in the past two months on Wednesday, boasting USD$4.718 billion in export value, a YoY 25.4% increase. In New Taiwan dollars, that would be 134.07 billion, an 18.7% growth.

TAMI reported that suppliers' order visibility now lies in Q3, signifying a strong rebound in the market. What's critical is that, despite fewer workdays in February due to long holidays and a shortage of global containers, machinery equipment orders in February amounted to US$2.047 billion, a YoY 16.8% increase, continuing to mark a sixth-month consecutive growth since September 2020.

TAMI Chairman Alex Ko said with the strong performance from the industry, and equipment demand would continue to grow. Domestic production chains have also helped fuel performances, Ko said, estimating that the overall sector could see industry value amounting to USD$1.2 trillion. Export value could see the chance to exceed USD$30 billion, representing new heights for Taiwan's machinery industry.

In the first two months of this year, the top three machinery export values ​​were: Inspection and measurement equipment at USD$682 million, accounting for 14.5%, a YoY increase of 42.3%; electronic equipment at USD$628 million, accounting for 13.3% and a YoY increase of 22.9%; machine tools were US$374 million, accounting for 7.9%, a rise of 12.7% over the same period last year.

The top three exporting countries in the previous two months were China (USD$1.417 billion), accounting for 30.0%; the U.S. (US$1.025 billion,) accounting for 21.7%; and Japan at US$317 million, accounting for 6.7% of overall destination countries.

Ko pointed out that in the top 10 product categories performing the best in February, power transmission parts increased by 53.9%; power hand tools and machine tool components also increased by 42.5% and 41.9%, respectively. After a substantial increase of 23.2% in January, machine tools showed a slight decline of 0.6% in February, while the lifting and conveying equipment declined by 20.4%.

Photo credit: UDNPhoto credit: UDN

Industry In-Focus

Taiwan's bicycle giants expect steady growth to continue</h2>

Taiwan's bicycle giants expect steady growth to continue

Mar 11, 2021

Benefiting from the surge in global bicycle demand amid the COVID-19 pandemic, Giant Bicycles announced on Thursday that the company earned NT$5.623 billion in consolidated revenue for February, an annual increase of 42.12%. Fellow bicycle maker Merida reported NTD$2.699 billion, a yearly increase of 60.91%. According to Giant's statistics, the accumulated consolidated revenue from January to ...

Self-driving car types to evolve with incoming trends: expert (EDN Opinion)</h2>

Self-driving car types to evolve with incoming trends: expert (EDN Opinion)

Mar 10, 2021

Tesla's declining prices indicate that the autonomous vehicle sector is entering the second stage in terms of product development, in which companies would roll out less expensive products to increase market share, writes distinguished professor Lu Hsi-peng in this week's opinion commentary published on Economic Daily News. He is teaching at the National Taiwan University of Science and Technolog...

Machine Tool Industry Reports Resurgence: TMBA</h2>

Machine Tool Industry Reports Resurgence: TMBA

Mar 05, 2021

The domestic machine tool industry's improving outlook and increase of short-term, urgent orders has prompted sector experts to revise export figures this year. Taiwan Machine Tool and Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien highlighted the sudden increase of orders has factories loaded to capacity for Q2. The association met on Thursday to revise the industry export's ou...

Industry Reports

March 31st Machinery Procurement Session Open for Registration</h2>

March 31st Machinery Procurement Session Open for Registration

Mar 09, 2021

Taiwan's government agencies and organizations are slated to host an online global machinery procurement session on March 31 in Taichung. The machinery industry is experiencing a rebound as global pandemic restrictions ease up. As of publication, the procurement session hosted by the Economic Ministry Bureau of Foreign Trade and Taiwan External Trade Development Council (TAITRA) reported 230 b...

Taiwan is experiencing a record-breaking drought that has the world concerned over water shortages in water-intensive sectors, such as the semiconductor industry. (Photo courtesy of UDN)

Economic Ministry eases concerns over water shortages

Mar 09, 2021

The Economic Ministry has prepared three measures in the face of a record-breaking drought to ensure water usage until the end of May. The concern comes as the globe grapples with chip shortages. According to Economic Minister Wang Mei-hua on Monday, the drought so far has not impacted chipmaker TSMC. Other water-intensive sectors such as textile factories and agriculture farming are feeling t...

Photo credit: UDN/Reuters

PMI reports slight decline though expects confidence in future: CIER

Mar 08, 2021

Chung-Hua Institution Economic Research (CIER) announced February's PMI index, signaling a slight decline of 1.9 percentage points from last month to 63.2. on Monday. February would mark the fourth consecutive month in which Taiwan's PMI index maintained an expansion above 60%. NMI index reported a 52.1 score, a 2.8-percentage point drop compared to January. While both figures saw a slight de...

Supplier News

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

A-Tina Tools Co., Ltd.

Home Pair Tool, Power Tool Accessories, Household Tool Kit

Feb 19, 2021

Founded in 1975 in Taichuang, A-Tina Tools 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 rep...


WINLAND GARDEN TOOLS CO., LTD.</h2><p class='subtitle'>Long Reach Pruner, Shears, Multifunctional Shears, Rotating Ratchet Pruner, Pruner, Garden Tools</p>


Long Reach Pruner, Shears, Multifunctional Shears, Rotating Ratchet Pruner, Pruner, Garden Tools

Feb 19, 2021

Winland Garden Tools Co., Ltd. is founded by Mr. Chin Sung Wu in 1970. We dedicated in R& D and manufacturing the high quality garden tools. Mr. Wu leads our company with his experience and professional to develop new products for the international markets. Our 30- years expereience enable us to develop the Trend- tracking product every year.Our company manufactures the high quality garden tools,...


Photo courtesy of Easen Hardware.


Feb 01, 2021

Easen Hardware Corp. is a globally-renowned professional hand tool and auto repair tool manufacturer. Founded in 1983, Easen provides top-notch quality OEM services to global hand tool brands. The firm was able to leverage digitalization, its efforts in market development, and integrating experiences to market to the worldwide market as a quality Taiwanese brand. Easen primarily produces hand ...


Insiders' Views

OmniEyes CEO and Co-Founder Chun-Ting Chou. (Photo courtesy of OmniEyes)

OmniEyes' AI Technology Paves the Way for Traditional Industries' Digital Transition

Dec 15, 2020

The COVID-19 pandemic has accelerated the industries' timeline for implementing digital transformation. However, the how's and what's of applying new technologies and improving the added value to existing products and services can be daunting. Three professors from the National Taiwan University College of Electrical Engineering and Computer Science founded the startup company "OmniEyes," basi...

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...


Exhibition Highlights

2021 ITES China: The Leading Manufacturing Technology and Equipment Exhibition in China Coming Soon In March</h2>

2021 ITES China: The Leading Manufacturing Technology and Equipment Exhibition in China Coming Soon In March

Jan 11, 2021

As a leading manufacturing technology and equipment exhibition in South China, ITES China was restarted in September 2020 after months of suspension due to COVID-19. The next edition 2021 ITES China will be held on Mar. 30 – Apr. 2 at Shenzhen World Exhibition & Convention Center, Guangdong, China. Covering a total area of 240,000 s.q.m, although twice extended, the exhibition area can still hard...

Passing on Positive Information and Consolidating Confidence of the Industry,  International Fastener Show China 2020 Rounded off Successfully</h2>

Passing on Positive Information and Consolidating Confidence of the Industry, International Fastener Show China 2020 Rounded off Successfully

Dec 17, 2020

International Fastener Show China 2020 (IFS China 2020) was grandly closed on November 5, 2020 at Shanghai World Expo Exhibition & Convention Center. IFS China 2020 covered a total display area of 38,000 sqm. 615 well-known fastener enterprises worldwide (1,683 standard booths) showcased fastener manufacturing machinery, molds and consumables, design, technology and services, standard fasteners, ...

The 16th edition of Automechanika Shanghai 2020 closes, brokering new automotive trade fair experiences </h2>

The 16th edition of Automechanika Shanghai 2020 closes, brokering new automotive trade fair experiences

Dec 09, 2020

Rounding up a unique year, Automechanika Shanghai’s physical fair closes its doors after successfully engaging with players worldwide through its hybrid platform, AMS Live. These onsite-to-online activities presented dynamic opportunities to reconnect the automotive ecosystem and further stimulate industry recovery. Preliminary participation figures portray the eagerness from companies to get ba...