Under the influence of a stable, global economy, the production value of Taiwan’s plastics and rubber machinery in 2018 hovered at TWD$43 billion compared to 2017 data. Exports and imports of plastic and rubbery machinery were valued at US$1.17147 billion and US$315.8 million respectively, an increase of 0.6% and 2.2% respectively compared to the same period last year. Taiwan is one of the mo...

Taiwan’s auto parts exports reached US$6.7 billion in 2018. The U.S is the top destination for Taiwan-made auto parts, accounting for 45.9% of exports while exports to Japan and China placed second and third with 6.25% and 4.17% respectively. Mexico, on the other hand, is ranked as Taiwan’s sixth exporting country with an increase of 3.1% compared to the same period in 2017, creating the highest ...

German Machine Tool Manufacturers Eye on Vietnam According to Marko Walde, Executive Director of the German-Vietnamese Chamber of Foreign Trade and cooperation partner for the second VDW (Verein Deutscher Werkzeugmaschinenfabriken – German Machine Tool Builders' Association) Symposium in the Mekong Delta, Germany and German products enjoy an excellent reputation in Vietnam. The country is a vi...

In 2017, the value of Taiwan machinery industry first surpassed the NT$1 trillion mark at NT$1.1 trillion. The export value of the industry in 2018 amounted to US$27.4 billion, exporting towards the island’s top three destinations: China, the U.S, and Japan. On the other hand, the production value reached a record high of NT$1.18 trillion, representing a 7.3% growth. This year, the Taiwan Associa...

In 2017, the value of Taiwan machinery first surpassed the NT$1 trillion mark at NT$1.1 trillion. The export value of Taiwan’s machinery industry in 2018 amounted to US$27 .4 billion, exporting towards the island’s top three destinations: China, the U.S, and Japan. On the other hand, the production value reached a record high of NT$1.18 trillion, representing a 7.3%. This year, the Taiwan Assoc...

With the trade war tension between China and the United States escalating, the economy of manufacture industry has been sluggish in May again. U.S. manufacturing activity growth is at its slowest since U.S. President Donald Trump was elected. On the other hand, the European Union Euro Zone has shrunk harshly, raising investors’ concern with global economic recession and further aggravating the pr...

China Steel Corporation (CSC) plans to significantly reform their pricing policy, according to CSC Chairman Wong Chao-tung on May 22. Wong said the new policy is a response to capricious global economic and political trends, saying that CSC prices should be timelier and allow enough flexibility to quickly meet market changes. Set to come into effect next year, CSC plans to announce steel p...

In a bid to help buoy domestic firms in light of the trade tensions between China and the U.S., the government has state-owned firm China Steel Corporation (CSC) to pull more resources in helping Taiwan’s fasteners industry. CSC Chairman Wong Chao-tung said on May 7 that CSC’s third quarter prices will play a pivotal role in bolstering industry competitiveness. Ministry of Economic Affairs...

Benefiting from economic growth, population expansion and an intensifying aging phenomenon, coupled with everyone's increasing concern about health issues, the global demand for medical devices is increasing sharply. In North America, it is expected the spending on healthcare will register a growth of 5.9% from 2017 to 2025. In Europe, rising demand for both dental and physical body implants is e...

After Taiwan’s aerospace industry made it past the billon-New Taiwan dollar mark in 2016 at NTD$100.27 billion, the industry reached new heights the year after by hitting NTD$108.499 billion in 2017. The Ministry of Economic Affairs Industrial Development Bureau expects to see the aerospace industry perform exceptionally well in 2018, reporting production value past NTD$120 billion. Aerospace ...