Taiwan’s machinery exports in 2017 are estimated to grow by 5 to 10 percent from last year, backed by improving overseas demand, the Taiwan Association of Machinery Industry (TAMI) recently said.
“We had a few tough years and now we expect a rebound in machinery exports this year,” said TAMI secretary-general Wang Cheng-ching. Recovering demand from major customers since the fourth quarter of 2016 could help boost exports this year, he added.
Wang also gave an optimistic outlook for shipments to the US, the industry’s second-largest export destination, on the back of the new US government’s plans to revive the US manufacturing industry.
Taiwan’s machine tool exports are also forecast to grow in the second half of 2017, according to the Taiwan Machine Tool and Accessory Builders’ Association (TMBA). TMBA secretary-general Carl Huang said growth in machine tool shipments in the first half of the year might remain flat from a year earlier amid global uncertainties, but prospects should improve in the second half.
Last year, Taiwan’s machinery exports slid 1.7 percent annually to US$21.1 billion, with shipments to its biggest market, China, declining 2.7 percent to US$5.26 billion and those to the US down 0.9 percent to US$3.78 billion, according to TAMI data.
Machine tool exports fell 9 percent year-on-year to US$2.9 billion in 2016, with shipments to China sliding 5.3 percent to US$924.4 million, TMBA data showed.
Source: Taipei Times