January-April Taiwan Machinery Products Import and Export Report

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Abstract Mechanical products exports grew by 6.6% compared with the same period of last year, and imports grew by 8.1%. In the post-ECFA era, the export of machinery products in 2013 still faces variables. 1. Machinery Exports In the first four months of 2013, Taiwan’s machinery and equipment exports grew negatively, with an export value of 5.9 billion,...
Exports of machinery products grew by 6.6% compared with the same period of last year, and imports grew by 8.1%. In the post-ECFA era, exports of machinery products still faced variables in 2013.

1. Mechanical export

From January to April 2013, Taiwan’s machinery and equipment exports grew negatively, with an export value of US$5.98 billion, a negative growth of 6.6% over the same period last year. If it is denominated in the New Taiwan dollar, the export value will reach 176.4 billion yuan, a negative growth of 7.2% over the same period of the previous year.

In 2012, Taiwan's machinery exports reached 20.7 billion US dollars, a 1.7% increase from the same period of the previous year. In the fourth quarter of 2012, exports decreased more than the same period of the previous year. Taiwan's total export value in January-April 2013 was NT$2,877.1 billion, up 0.6% from the same period of the previous year. Among them, electronic products grew by 3.1%, textiles grew by 7.2%, and information and communication products grew by 9.6%. 15.0%, steel negative growth of 6.4%, petrochemical products negative growth of 3.4%. Exports of machinery products grew by 7.2% in terms of New Taiwan Dollars, and export performance was poor.

Detailed analysis of Taiwan's machinery exports in 2013, the export value in January was NT$45.5 billion, a negative growth of 0.6% from the same month of the previous year. The export value in February was NT$31.8 billion, a negative growth of 28.0% from the same month of the previous year. The export value in March was NT$49.1 billion, a negative growth of 0.1% from the same month of the previous year. The export value in April was NT$49.8 billion, a 2.0% increase from the same month of the previous year.

2. Taiwan's machinery export market

(1) Machinery exporting countries


Taiwan's machinery products exported to the main market in January-April 2013. The mainland's first export value was 1.45 billion US dollars, accounting for 27.5% of all exports, a negative growth of 1.4% over the same period last year. The United States ranked second, with an export value of 987.63 million US dollars, accounting for 16.5% of exports, up 0.2% from the same period last year. Japan’s third, export value of 370.69 million US dollars, accounting for 6.3% of exports, a negative growth of 3.8% over the same period last year.

The detailed analysis of machinery exports to the mainland in January exported 442 million US dollars, up 45.6% from the same month of the previous year. February exports were 229 million US dollars, a negative growth of 46.5% over the same month of the previous year. Exports in March were 505 million US dollars, up 15.1% from the same month of the previous year. Exports in April were US$466 million, a negative growth of 6.0% from the same month of the previous year.

( 2) Machine tool exporting country

From January to March of 2013, the export value of Taiwan's machine tools reached US$777.05 million, a year-on-year growth of 21.7%. The export of machine tools seems to be facing difficulties, and the yen has depreciated by more than 20% in recent days, which will affect International buyers are single on Taiwan.

Taiwan's machine tool products exported to the top 15 markets in January-March 2013, ranking first in the mainland, with an export value of 243.98 million US dollars, accounting for 31.4% of all exports, a negative growth of 23.5% over the same period last year. The United States ranked second, with an export value of US$96.75 million, accounting for 12.4% of exports and a negative growth of 14.4% from the same period last year. Thailand's third, export value of 57.36 million US dollars, accounting for 7.4% of exports, a negative growth of 15.3% over the same period last year.

Yu Yixu is a negative growth of 32.5% in Turkey, 13.8% in Indonesia, 31.2% in Germany, 28.0% in India, 15.1% in the Netherlands, 0.9% in Korea, 6.3% in Russia and 17.9% in Japan. Brazil's negative growth rate is 35.5%, Malaysia's negative growth rate is 41.7%, Britain's negative growth rate is 36.5%, Vietnam's negative growth rate is 26.2%, and the top 15 export markets together account for about 82% of total machine tool exports.

3. Machinery import

Imports of machinery and equipment in Taiwan increased significantly from January to April 2013, with an import value of US$7.28 billion, an increase of 8.1% over the same period last year. If the value is based on the New Taiwan dollar, the import value is 215.1 billion yuan, up 7.4% over the same period of the previous year. In detail, the import value of machinery in January 2013 was NT$57.4 billion, a 28.4% increase from the same month of the previous year. The value of imports in February was 44.3 billion yuan, a decrease of 5.0% from the same month of the previous year. The value of imports in March was 63 billion yuan, up 14.9% from the same month of the previous year. The import value in April was 50.8 billion yuan, a negative growth of 6.0% from the same month of the previous year.

The import value of Taiwan's machinery and equipment grew by 13.5% in dollar terms in 2012, indicating that the import market was in poor condition, while Taiwan's demand for machinery and equipment in advanced countries decreased, indicating that domestic high-tech industry investment slowed down. Imports increased sharply in January 2013, but decreased in February, and increased sharply in March and decreased in April.

4. Main sources of Taiwan machinery imports

Taiwan Machinery was the main source of imports from January to April 2013. Japan ranked first, with an import value of US$2.383 billion, accounting for 31.7% of all imports, a negative growth of 5.1% over the same period last year. The second is the United States, with an import value of $1.594 billion, accounting for 21.9% of all imports, up 26.5% from the same period last year. The third is the Netherlands, with an import value of US$ 752.86 million, accounting for 10.3% of all imports, up 21.5% from the same period last year.

5. Global economy, the growth rate of major machinery exports in Taiwan in 2013

(1) Economic growth rate in 2012


In 2012, the global economic growth rate was 2.6%, and Taiwan's growth rate was 1.3%. Economic growth is the most important factor affecting machinery exports. Taiwan's machinery exports to major markets, mainland economic growth rate of 7.7%, US growth of 2.3%, Japan growth of 2.0%, Thailand 5.4%, Germany 1.0%, Vietnam 5.1%, Indonesia 6.2%, India 5.1%, South Korea 2.1%, Malaysia 5.1% In the previous top ten export markets, the economic growth rate has slowed down from the previous year, and the willingness to purchase machinery and equipment has gradually declined.

(2) Estimated economic growth rate in 2013

In 2013, the global growth rate was 2.6%, of which Taiwan grew by 3.6%. Taiwan's top ten markets for machinery exports are estimated to grow by 8.1%, the United States is 1.8%, Japan is 0.6%, Thailand is 4.3%, Indonesia is 6.1%, Vietnam is 5.2%, Germany. 1.0%, India 6.0%, Malaysia 4.7%, Korea 2.0%.

6. Important factors affecting Taiwan's machinery exports

The exchange rate of the New Taiwan dollar against the US dollar The average US dollar exchange rate of the US dollar in January-April 2013 was 29.46NT$/US$, which was 0.66% higher than the same period of the previous year. At present, the New Taiwan dollar is appreciation against the US dollar at around 29.42NT$/US$. Han Yu is still in a state of over-depreciation. Since the global financial tsunami, Han Hao has depreciated 17.7% against the US dollar in 2008, while the New Taiwan dollar has appreciated by 9.9% against the US dollar. The relative gap between the two sides is close to 30%. Taiwan's products have gradually declined in competitiveness in the international market.

       The mainland imported machinery and equipment from Taiwan for ECFA early tax reduction and exemption rate. The two sides will accelerate the promotion of import tariffs in 2013, and expect to complete the consultation before the end of 2013. The European and Korean FTA was officially implemented on July 1, 2011, and the US-South Korea FTA was implemented on March 15, 2012.

       The prices of raw materials such as steel castings may fluctuate, and the yen is depreciating by more than 20% against the US dollar. Hankook has depreciated against the US dollar in response to the competition of the Japanese currency, but the New Taiwan dollar has not depreciated against the US dollar and has appreciated. The procurement of key components and components has gradually stabilized. Manufacturers must have the ability to respond quickly and quickly with orders and short orders, and the exchange of Asian currency against the US dollar. This is an important factor affecting Taiwan's machinery exports in 2013.

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