Page 29 - Taiwan Machinery 2022-09 Edition

27

INDUSTRY NEWS

Taiwan’s machinery export demand sees
Taiwan’s machinery export demand sees

growth amid evolving global events in
growth amid evolving global events in

2022 H1
2022 H1

Photo courtesy of CENS

ccording to the Taiwan Association of Machinery that would be NTD$90.977 billion, an increase of 24.1%
AIndustry’s (TAMI) statistics, the machinery exports over the same period of the previous year. The value of
performed admirably well despite the evolving global machinery exports from January to June was marked at
geopolitical situations. Overall, machinery export trends USD$17.755 billion, an increase of 12.7% over the same
showed that demand exists; however, the issue remains period of the previous year, and would mean NTD$508,106
whether the suppliers can deliver products to customers million, an increase of 14.4% YoY growth. The top three
on time due to supply chain constraints, rising prices, and export value of machinery from January to June: electronic
equipment (USD$2.520 billion / accounting for 14.2% /
diffi culties in obtaining materials and parts. 6.6% increase over the same period last year), testing
equipment (USD$2.334 billion / accounting for 13.1% / 9.2%
Taiwan’s machinery exports made around USD$3.381 YoY growth), and at third, machine tools (USD$1.45 billion /
billion in value in July, making it the highest monthly accounting for 8.2% / 14.0% YoY growth).
performance on record. In New Taiwan dollars, July’s
numbers also represent machinery exports’ first time to California-based supply chain resilience fi rm Resilinc’s
exceed a hundred billion. Based on this single-month latest report showed that supply chain disruptions have
performance, TAMI expects Taiwan’s yearly export growth been up 46% year-over-year, with factory fires at the
to be 10% to 15%. top of the five biggest disruptive events in the first half
of 2022. The next four are the following: mergers and
In June, machinery exports were valued at USD$3.079 acquisitions, business sales, leadership transitions, and
billion, an increase of 16.5% from the USD$2.643 billion factory disruptions. Just-in-time production relies on stable
exports of the previous year; in New Taiwan dollars, environments and smooth passage of items throughout the

Taiwan Machinery 2022 September