Taiwan’s Machinery Exports Up 5pct in June
Taiwan’s machinery industry exported NT$51.9 billion of various machine tools and machinery in June, up 5 percent from a year earlier, according to the latest report issued by the Taiwan Association of Machinery Industry (TAMI).
Given the fact that the industry’s exports for the first six months of the year declined 1.2 percent year-on-year to about US$10 billion, the 5 percent growth in single-month exports for June may indicate the industry’s turnaround from depressions seen over the past months of this year, when the global economy remains uncertain due partly to the lingering EU debt crisis and partly to economic slowdowns in emerging countries.
TAMI indicated that export orders already received by local machinery makers are mostly rush ones, which take only a few months to fill and hence make industry insiders see mixed prospects for the remainder of this year.
A notable contrast between industry insiders, TAMI added, is that while some struggle with sluggish orders, some are busy with filling big orders. The phenomenon can be attributed partly to Chinese buyers’ tending to take advantage of preferential duties to import higher-end machines from Japan and Europe, and partly to moderate investments by European and US firms in fixed assets, which, in turn, prompts them to buy more middle-end, economical machines from Taiwan.
For example, Victor Taichung Machinery Works Co., which has garnered contract orders worth over NT$1 billion on hand so far, admitted that its orders received in July are expected to be 20 percent less than June in value, mainly because of economic slowdowns in China. By contrast, Awea Mechantronic Co. has enjoyed influx of contract orders from the US, China and Southeast Asian countries, so predicting its orders landed in July to be NT$200-300 million more than June.
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Exports by Taiwan’s Machinery Industry in 1st Half of 2012 by Destinations |
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|
Nation/Region |
Export Value |
Year-on-year Growth Rate |
|
China + Hong Kong |
US$3.06 B. |
-17.1% |
|
The U.S. |
US$1.54 B. |
9.1% |
|
Japan |
US$590 M. |
7.5% |
|
Thailand |
US$470 M. |
41.1% |
|
Indonesia |
US$340 M. |
19.0% |
|
Vietnam |
US$300 M. |
-2.1% |
|
Germany |
US$280 M. |
0.0% |
|
Singapore |
US$260 M. |
77.9% |
|
Korea |
US$250 M. |
3.7% |
|
India |
US$220 M. |
-25.1% |
|
Malaysia |
US$220 M. |
-4.1% |
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Category: Taiwan
