May 5, 2008 -- The volume of Taiwan's machine tool exports is expected to increase 15-20 per cent this year as market demand remains brisk, the Taiwan Association of Machinery Industry (TAMI) forecasted Saturday. Data from TAMI shows that the volume of machinery exported by Taiwan amounted to $15.43 billion in 2007, up 7 per cent over the previous year, while machinery imports dropped 1.2 per cent to $18.36 billion.
Of all the types of machinery exported by Taiwan last year, machine tools accounted for the largest sum at $3.47 billion, representing growth of 17.1 per cent from 2006. China and Hong Kong were Taiwan's largest machine tool consumers in 2007, with exports to the area increasing 14.8 per cent from the previous year to reach $1.28 billion and accounting for 36.9 per cent of Taiwan's total exports.
Abstracted from Asia Pulse
