Taiwan Machine Tool Export Report (From January to July 2017)
According to the governmental trade data analysis, Taiwan Machine Tool & Accessory Builders’ Association (TMBA) sorts out that, the export of machine tools on this July is 291 million USD, which is a 10.4% growth compared to the export amount on June. Based on the machine categorizations, the export amount of cutting machines is 243 million USD, which is a 10.5% growth compared to June, while the export amount of forming machines is 47.62 million USD, representing a 9.8% growth compared to June.
From January to July, the total export amount reaches to 182 million USD; this represents a growth of 13.5% compared to the same period in the last year. Regarding the total export amount, cutting machines occupies 14% of the overall amount, while forming machines occupies 11.3%. The export amount of cutting machines from January to July is 1,515 million USD, and the amount of forming machines is 305 million USD. Readers may refer to the chart below.
The recovery of the world economy is getting better this year. Based on the statistics issued by the Eurostat, it is observed that the economic growth rate of the first season in the Euro zone is 0.6%, and the annual growth rate is 1.9%. The rates are considered the greatest growth within the recent two years. On the other hand, benefitted from the positive consumer expenditure and export performance, the US government has revised its economic growth rate of the first season as well.
Meanwhile, the economic growth rate of China in the first two seasons is better than the expectations and the Chinese PMI has been expanding for the consecutive eleven months. The Bank of Japan also slightly raised its economic forecast. To sum up, since the world market is soaring and the risk of deflation is reducing, Taiwan’s export is bright and expectable.
From January to July, the top ten nations of Taiwan’s machine tool export are: China (including HK), the US, Germany, Thailand, Turkey, Vietnam, South Korea, India, Russia, and Netherland.
Regarding the market share of Taiwan’s machine tool export, China and HK occupy 35.1% of the chart, and the amount is about 640 million USD, which is a 28.3% growth compared to last year. The US occupies 10.6% of the chart, and the amount is about 194 million USD, which is a 2.8% growth compared to the last year. The export amount to Germany is 74.87 million USD, representing a 20.1% growth compared to the last year.
Article and Chart by Taiwan Machine Tool & Accessory Builders’ Association