Taiwan is the World’s Fourth-Largest Exporter of Machine Tools
Gardner Research published its rankings for the top machine tool producers, importers, and exporters in 2017 by country in its latest issue. With the rising demand from China for midrange products and automated manufacturing cells, Taiwan’s annual output value reached USD4.29 billion, ranked the 7th in the world, and annual export value reached USD3.35 billion, once again ranked the 4th largest exporter in the world. The consumption of machine tool in Taiwan reached USD1.78 billion in 2017 ranked the 9th in the world, while annual import value was USD840 million.
Due to the strong growth in the North American and Chinese markets, the output value of Taiwan’s machine tool industry in Q1 2018 was USD1.05 billion and the export value was USD0.83 billion, up 7.6% and 20.3% year over year, respectively. The machine tool industry in Taiwan is export-oriented, with exports accounting for 80% of the output. The main export countries are China (accounting for 33.2% of total exports), the US (accounting for 11%), emerging countries in Asia, and some parts in Europe.
The biennial Taiwan International Machine Tool Show (TMTS) will take place from November 7th to 11th, 2018 in the Taichung HSR Special Zone, with 750 exhibitors occupying 4,300 booths. Themed with “Manufacture Linking • Activate the Future”, TMTS is the largest machine tool show in Taiwan this year. The comprehensive and diverse features of the industry supply chain will be on display, such as metal cutting machines, metal forming machines, machine tool accessories, parts, fluid power components, control and drive system & auxiliary equipment, cutting tools, toolholding & workholding devices, measurement instruments, and etc. as well as the machines with smart functions (such as temperature rise compensation, collision avoidance, and process optimization), and automated production cells and production line applied for “Integrated machine tools and automation facility (such as robotic arm)". All exhibits displayed will allow the participants to experience the diversity of the supply chain of Taiwan machine tool industry and the state-of-the-art technology in metal processing.
More information about TMTS: http://www.tmts.tw/en/
- Taiwan: Revising currency and GDP forecasts on trade war worries
- Taiwan exports for July show almost 5% year-on-year rise
- Taiwan wafer industry to benefit from U.S. tariffs on China: MOEA
- Taiwan looks to tap into Philippines’ manufacturing potential
- FISME taking business delegation to Taiwan for world’s leading plastic and rubber exhibition