Page 23 - Taiwan Machinery 2025-08 Edition

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INDUSTRY NEWS

An Uncertain World and Challenges to
An Uncertain World and Challenges to

Taiwan’s Machinery Industry
Taiwan’s Machinery Industry

By President Tommy Hsu of Taiwan Association of Machinery Industry

When looking back on 2024, the global economy saw fell to US$8.98 billion, or 25.9%, in 2022 and further to
poor performance due chiefly to the shadow of inflation US$6.93 billion, or 23.5%, in 2023.
and the speculations about Fed interest rate hikes, plus the
ongoing Russia-Ukraine war, lasting geopolitical confl icts, The American market also represented 23.5% of
and disappointed mainland China’s economic performance. Taiwan’s machinery exports in 2023, marking the major
All these factors kept global consumption market lukewarm watershed of market shift of the Taiwan industry. In 2024,
and, thus, hurt economic momentum. America unseated mainland China as the No.1 market for
Taiwan-made machines, constituting 24.6%, or US$7.19
According to statistics complied by Taiwan Association billion, of the Taiwan exports while the mainland took up
of Machinery Industry (TAMI), Taiwan’s machinery industry 23.4%, or US$6.86 billion, in the same year.
as a whole shipped US$29.27 billion worth of machines
throughout 2024, approximately inching down 0.6% from Quick Statistical Report of Taiwan’s
2023’s US$29.44 billion. Of the 2024 exports, electronics Exports and Imports of Machinery, Jan.-
equipment, inspection instrument, and machine tool were
the top three categories, posting a 4.0% and a 3.6% Jun, 2025
growth, and a 14.8% slump, respectively. Machine tool
suff ered the steepest decrease of all Taiwan’s machinery 1. Export
sectors mostly because of geopolitical issues. Taiwan’s (1) Taiwan’s general export value for June 2025 was
machinery industry generated total revenue of NT$1.2 US$53.32 billion, increasing 33.7% year on year with
trillion (US$41.37 billion at US$1:NT$29) in 2014, close to added US$13.4 billion in shipments. When converted to
2023’s turnover. Taiwan currency, the value was around NT$1.59 trillion,
which represented a 23.5% surge from the same period of
The United States and mainland China are the top two last year. The cumulative general value from Jan. through
export destinations for Taiwan-made machines, together June was US$283.26 billion, jumping 25.9% from the
accounting for roughly half of the Taiwan exports. For a comparable period last year with an additional shipment
long time, the mainland has been the largest market for of US$58.31 billion. Denominated in Taiwan currency, the
Taiwan-made machines, absorbing US$10.23 billion, or accumulated value was NT$9.04 trillion, soaring 26.4%.
30.9%, of the Taiwan exports in 2021. The value, however,

Taiwan Machinery (September 2025)