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Taiwan Machine Tools | October 21, 2017

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Machine tool export increased by 13.3% in June

Machine tool export increased by 13.3% in June
Taiwan Machine Tools

Machine tool export increased by 13.3% in June

(Commercial Times) Due to the warming markets in China, U.S., Germany, and Japan, machine tool export in the month of June has exceeded the US$ 350 million monthly average level. Currently the industry order visibility through the end of third-beginning of fourth quarter. A conservative forecast for machine tool export this year could get to a 8-10 percent growth, reaching US$ 3.9 to 4 billion. Optimists even forecast over 10 percent growth totaling over US$ 4 million.
Taiwan machine tools manufacturers in the end of first and beginning of second quarter orders reflected on the June export. According to the Taiwan Association of Machinery Industry (TAMI) statistics, machine tool export in June of US$ 352 million, a growth of 13.3 percent. The cumulative machine tool export value for the first half of 2014 is over US$ 18.12 million, up 4.9 percent compare to the same period from 2013.
TAMI president Wang Cheng-ching (王正青) pointed out that Taiwan machine tool export value in June exceeded US$ 350 million as it returned to the peak 2012 level export standard average. The key factor was the US$ 135 million export to China in June, annual increase of 16.1 percent. Exports to the U.S. increased by 8 percent, Germany 42 percent, Netherlands by 23 percent, Russia by 60 percent, Italy by 65 percent, Japan by 35 percent, and even the previously negative growth from Brazil turned to a positive growth of 29 percent.
Taiwan Machine Tool & Accessory Builder’s Association President Huang Chien-chung (黃建中), who currently is visiting the Shanghai International Machine Tool Fair said the exhibition is not too crowded this year, although the exhibitors are actually doing well and received increased orders mainly from China, U.S., Germany, Japan, Italy, and other major markets evidently prove the machine tool industry buying power has been stimulated.
Huang also noted that the recent financial crisis rumor in Portugal has surfaced again; joint business investment will be more conservative and not as quickly as originally expected. However, he believes that machine tool export value this year can still reach the US$ 4 billion, an increase of at least 10 percent from last year.

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