Exports of Taiwan-made Machine Tools Up 50.4% YoY in H1, 2011

Taipei, Sept. 6, 2011 (CENS)--Taiwan exported US$1.91 billion of machine tools in the first half of 2011, up 50.4% year-on-year, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).

Export of metal-cutting machine tools came to US$1.543 billion, up 58.7% and that for metal-forming machine tools amounted to US$366.54 million, up 23.2%.

Export of machining centers was up 70.1%; lathes, up 62.7%; grinding machines, up 66.9%; drilling, boring and milling machines, up 29.9%; presses and shearing machines, up 22.8%; and other metal-forming machine tools, up 24.5%.

China and Hong Kong together led as export destinations by absorbing US$830.46 million of Taiwan-made machine tools in the first half, up 37.5% and accounting for 43.5%. The U.S. was second with US$131.8 million, up 130.1% and commanding 6.9%. Turkey was third with US$93.13 million, up 116.8% and accounting for 4.9%.

Other major export destinations, in descending order, were Thailand, India, Brazil, Germany, South Korea, Malaysia, Indonesia, the Netherlands, Vietnam, Japan, United Kingdom and Italy.

The TMTF's tallies also show Taiwan imported US$425.24 million of machine tools in the first half, up 57.5% from a year earlier, of which import value of metal-cutting machine tools came to US$367.92 million, up 67.6% and that for metal-forming machine tools amounted to US$57.32 million, up 13.6%.

Japan was the largest supplier by selling US$272.59 million of machine tools to Taiwan in the first half, up 71.3% year-on-year to account for 64.1% of the total imports. Switzerland was second with US$42.22 million, up 161.9% and commanding 9.9%. Germany was third with US$26.8 million, up 13.9% to account for 6.3%.

Exports of Taiwan-madeMachine Tools in H1, 2011 by Products Unit:US$1,000
Products	H1,2010	H1,2011	AnnualChange (%)
EDM, Laser-cutting Machines	590,977	103,140	72
Machining Centers	375,081	638,099	70.1
Lathes	236,003	383,979	62.7
Drilling, Boring, Milling Machines	156,125	202,804	29.9
Grinding Machines	71,026	118,555	66.9
Shaping, Sawing, Gearing Machines	74,529	97,110	30.3
Presses and Shearing Machines	228,987	281,167	22.8
Other Metal-forming Machines	68,567	85,382	24.5
Total	1,270,295	1,910,236	50.4
Source: TaiwanMachine Tool Foundation

Imports of Machine Toolsby Taiwanin H1, 2011 by Products Unit:US$1,000
Products	H1,2010	H1,2011	AnnualChange (%)
EDM, Laser-cutting Machines	97,897	154,698	58
Machining Centers	23,490	57,485	144.7
Lathes	40,364	48,475	20.1
Drilling, Boring, Milling Machines	16,894	13,684	-19
Grinding Machines	21,649	43,885	102.7
Shaping, Sawing, Gearing Machines	19,272	49,698	157.9
Presses and Shearing Machines	44,291	45,040	1.7
Other Metal-forming Machines	6,164	12,284	99.3
Total	270,021	425,249	57.5
Source: TaiwanMachine Tool Foundation