News Videos
World
International Edition

Monday

July 24, 2017

Breaking News, World News and Taiwan News.
About Us
E-Newsletter
Advertise
Contact Us

Taiwan's production value of machinery sector down 7%

TAIPEI -- Taiwan's machinery and equipment industry production output for 2013 stood at NT$600.3 billion (US$19.66 billion), down by 7 percent from the previous year, as a result of the slow global recovery, according to a report released Tuesday by the Ministry of Economic Affairs (MOEA).

Although the sector reported negative growth of between 8 percent and 10 percent during the first three quarters, a 6.5 percent annual growth rate in the output of general machinery has pushed up the figure to negative growth of 0.6 percent in the last three months, MOEA said.

Benefiting from market demand for medical and semiconductor equipment, components in the medical sector grew 48 percent, while components for the semiconductor sector grew 41.4 percent in the last quarter, the report said.

Because 60 percent of the products in the sector were sold to other countries, the export value represented the key driver for the industry's growth, the MOEA said.

The value of machinery exports in 2013 accounted for US$19.8 billion, down by 1.6 percent from 2012. However, the industry showed annual export growth of 9 percent in the last three months, the first rise since the second quarter of 2012, it said.

According to the MOEA, the industry has started to recover from the global slowdown over the last two years, as its export rates to China and Hong Kong increased by 9.1 percent year on year in the fourth quarter of last year.

Exports to the United States for the period were up by 6.8 percent, with a 19.4 percent rise for the ASEAN-6 countries and 10.8 percent for Europe.

For the whole of 2013, China and Hong Kong accounted for a combined 31.8 percent of Taiwan's machinery export market, with ASEAN-6 accounting for 16.5 percent, the U.S. accounting for 15.9 percent and Europe representing 12.5 percent.

MOST POPULAR OF THIS SECTION
1
Taiwan's postage stamp prices are being raised for the first time in 26 years
2
Ko Wen-je told China straight-up that Tsai Ing-wen will be called president, not leader
3
A blogger in Vietnam will spend 10 years in jail for comments about a Taiwan-owned factory's chemical spill
4
LATEST: Chinese dissident Liu Xiaobo dies, Chinese government says
5
As it happened: 1 dead, 2 critical, 13 more injured in gas explosions
6
Updated with video: Riders are leaving their oBikes everywhere and some government officials won't take it anymore
7
LATEST: China 'has gotten an apology' after the White House confused the PRC and ROC
8
Getting divorced in Taiwan? From custody to child support, this is what you need to know
9
This blog is a lifesaver for Taipei parents with a toddler
10
Tainan's mayor reaffirms his pro-independence stance
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search