Taiwan machine tools export hits record high

Taiwan is one of the world’s leading machine tool producers.  Following are some key facts about the country’s machine tool industry.

Taiwan is the world's sixth largest machine tool producer and fourth largest exporter.

Taiwan’s export sales of machine tools are estimated to hit a record high of US $4.2 billion in 2012, with total production of US $5 billion.  Exports account for about 75% of production.

The machine tool industry is the country’s most important industry by value.  There are more than 500 machine tool manufacturers in Taiwan, with most situated in the Taichung area.

Taiwan is among the world leaders in machine tool production despite its size.  Taiwan has 23 million people living on an island with an area a little larger than Maryland, while the top 5 producers of machine tools each have populations of more than 500 million.

Taiwan’s machine tool industry thrives because of it outstanding quality, value-based pricing, prompt delivery, advanced manufacturing technology and customer-oriented after-sales services.

The industry also benefits from the synergies of the integrated industry cluster and the government's large-scale support of the sector. 

The government encourages industrial development through the Taiwan Excellence program, which is awarded to products that represent exceptional innovation and value.

Industry Development

Taiwan has built up its machine tool industry over a period of more than four decades. Long-term investment by Taiwanese firms in the development of key machine tool parts and components has successfully boosted the industry's performance and technological expertise. Over the last 10 years, Taiwan’s manufacturers have successfully developed international markets reducing their reliance on sales to domestic machine assembly companies.  About 75% of the islandAir Jordan IV 4 Shoes