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Taiwan Machine Tools | October 20, 2017

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Taiwan machine tool exports rise slightly in April

Taiwan machine tool exports rise slightly in April
Taiwan Machine Tools

Taiwan machine tool exports rise slightly in April

Taipei, May 19 (CNA) Taiwan’s machine tool exports rose slightly in April on strong demand from Germany and Thailand, a local industry group said Monday.

Amid the warming global economy, exports of Taiwan-made machine tools totaled US$320.49 million last month, up 1.1 percent from a year ago, the Taichung-based Taiwan Machine Tool and Accessory Builders’ Association said, citing preliminary statistics.

Germany saw the sharpest annual increase in shipments at 66.8 percent, meaning exports worth US$11.75 million, last month. Thailand also saw strong annual growth of 25.3 percent, followed by the Netherlands at 22.8 percent, the group said.

Exports of machine tools to major trade partner China, however, plummeted 16.5 percent year-on-year to US$101.24 million in April, the biggest decline among all markets.

Exports of machine tools to major trade partner China, however, plummeted 16.5 percent year-on-year to US$101.24 million in April, the biggest decline among all markets.

The drop was attributed to China’s slower-than-expected recovery, which the association said dampens the total growth of the global market.

During the first four months of the year, Taiwan’s machine tool exports worldwide totaled US$1.13 billion, a 3.6 percent growth over the same period in 2013, statistics showed.

(By James Lee)
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