January 2011 Import and export of mechanical products in Taiwan

In January 2011, exports of machinery products in Taiwan increased significantly by 39.7% year-on-year, while imports also increased by 49.8%. In the post-ECFA era, the export of mechanical products in 2011 is still expected to increase substantially.

1. Machinery exports in Taiwan In January 2011, Taiwan's machinery and equipment exports reached 1.616 billion U.S. dollars, an increase of 39.7% year-on-year. If valued in Taiwan dollars, the export value will reach 47.3 billion yuan, a year-on-year increase of 28.1%.

In 2010, Taiwan's machinery exports reached 16.7 billion U.S. dollars, an increase of 52.2% year-on-year, and monthly exports have grown substantially year-on-year. Exports in 2010 have entered a very stable state and have fully returned to the same period in 2008.

2. Imports of machinery from Taiwan In January, imports of machinery and equipment from Taiwan continued to increase significantly. The import value reached US$2.3691 trillion, an increase of 49.8% year-on-year. If the price is based on the New Taiwan dollar, the import value is 69.5 billion yuan, an increase of 37.3% year-on-year.

The import value of machinery and equipment in Taiwan increased by 80% in 2010 based on US dollar denomination, indicating that the import market is booming, while the demand for machinery and equipment in advanced countries has increased in Taiwan, and machinery imports have increased significantly, indicating that the investment in hi-tech industries has increased significantly.

3. Important factors affecting machinery exports In terms of exchange rates, the average US dollar exchange rate against the New Taiwan Dollar in January 2011 was 29.26 NT$/US$, a year-on-year appreciation of 9.08%, while the current NT$ against the US dollar was fluctuating up by approximately 29.0 NT$/US$. .

Imports of mainland machinery goods from Taiwan will be subject to ECFA's early income tax deductions. Cross-strait trade restrictions on re-launch of trade in goods will be lowered in 2011. Prices of raw materials such as steel castings may rise, the NT dollar appreciates, and orders for key components will not be easily purchased by the industry. Manufacturers must have the ability to respond quickly to urgent orders and deliveries. It will be an important factor affecting Taiwan's machinery exports in 2011.