Taiwanese Machine Export

Taiwanese Machine exported at US$3.23 billion worth in 10 months of 2008, a moderate 14.2% year-on-year growth, said the non-profit Taiwan Machine Tool Foundation (TMTF). Of the two major categories of the products, metal-cutting machine tools saw exports grew 15.8% year-on-year to reach US$2.574 billion; exports for metal-forming machine tools amounted to US$656.94 million, up 8.2%.

Mainland China and Hong Kong together absorbed the most Taiwanese Machinery tools, buying US$966.06 million of the products in the first 10 months of 2008, down 8.5% and accounting for 29.9% of the total exports. The U.S. was second with US$285.16 million, up 3.5% and commanding 8.8%. The third place went to Germany with US$188.21 million, up a whopping 55.8% and accounting for 5.8%.

Other major export outlets, in descending orders, were Turkey, Brazil, Italy, the Netherlands, India, Thailand, South Korea, Vietnam, Malaysia, United Kingdom, Japan, and Indonesia.

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