Abstract 1. Machinery exports From January to November 2016, Taiwan’s machinery and equipment exports experienced negative growth, with export value reaching US$19.254 billion, a decrease of 2.5% from the same period of the previous year. If calculated in New Taiwan dollars, the export value will reach 621.4 billion yuan, a decrease of 0.4% over the same period of the previous year. 1-...
1. Machinery exports From January to November 2016, Taiwan's machinery and equipment exports declined negatively, with the export value reaching US$19.254 billion, a decrease of 2.5% from the same period of the previous year. If calculated in New Taiwan dollars, the export value will reach 621.4 billion yuan, a decrease of 0.4% over the same period of the previous year. From January to November, Taiwan’s total exports were denominated in US dollars, a decrease of 3.1% from the previous year. Taiwan’s exports faced difficulties. In 2015, Taiwan's machinery exports reached US$20.1 billion, a decrease of 6.8% from the same period last year. Taiwan's total export value for January-November 2016 was NT$8.2155 trillion, a decrease of 1.1% from the same period of the previous year, of which electronic products increased by 8.7%, Zitong audio-visual products increased by 0.1%, chemical products decreased by 4.8%, and steel decreased by 5.4%. , textiles decreased by 6.6%, motor products decreased by 18.5%. Exports of machinery products have grown by 0.4% in terms of New Taiwan Dollars, and export performance needs to be strengthened.
Detailed analysis In 2016, Taiwan's machinery exports were valued in NT, and exports in January were 57.3 billion yuan, a decrease of 7.1%. Exports in February were 45.9 billion yuan, a decrease of 4.4%. Exports in March were 58.9 billion yuan, a decrease of 2.5%. Exports in May were 58.1 billion yuan, an increase of 6.2%. Exports in May were 59.4 billion yuan, a decrease of 9.3%. In June, exports were 56.1 billion yuan, an increase of 2.3%. In July, exports were 58.1 billion yuan, an increase of 8.2%. In August, exports were 57 billion yuan, a decrease of 6.4%. In September, exports were 46 billion yuan, a decrease of 12.7%. Exports in October were 59.9 billion yuan, an increase of 8.7% over the previous year. In November, exports were 64.7 billion yuan, an increase of 14.2% over the previous year.
2. Taiwan's machinery export market
(1) Machinery export market Taiwan's machinery products exported to the main markets from January to November 2016. The mainland's first export value was US$4.6818 billion, accounting for 24.3% of all exports, a decrease of 5.2% from the same period of the previous year. The United States ranked second, with an export value of $3.4828 trillion, accounting for 18.1% of exports, a decrease of 0.5% from the same period last year. Japan’s third, export value of 1.3370.7 billion US dollars, accounting for 6.9% of exports, an increase of 9.9% over the same period last year.
The detailed analysis of machinery exports to the mainland in January was 361 million US dollars, a significant decrease of 36.8% from the same month of the previous year. February was 303 million US dollars, a decrease of 5.8% from the previous year. March was 450 million US dollars, a decrease of 16.6% from the previous year. April was $425 million, a decrease of 7.3% from the previous year. May 501 million US dollars, a decrease of 16.1% over the previous year. June was 443 million US dollars, a decrease of 3.8% from the previous year. July was 443 million US dollars, up 4.2% from the previous year. August 400 million US dollars, a decrease of 7.7% over the previous year. September was $312 million, a decrease of 6.3% from the previous year. In October, it was 530 million US dollars, an increase of 39.2% over the previous year. November's $512 million, an increase of 25.0% over the previous year.
(2) Machine tool export market In January-November 2016, Taiwan's machine tool export value reached US$6.264 billion, a decrease of 10.7% compared with the same period of last year. Machine tool exports appear to be facing more complicated international competition, and face a sharp depreciation of the yen. About 50% will affect international buyers' orders for Taiwan. Exports in January were $215 million, a decrease of 24.9%. Exports in February were $180 million, a decrease of 13.6%. Exports in March were $238 million, a decrease of 21.5%. Exports in April were $216 million, a decrease of 21.0%. Exports in May were $266 million, a decrease of 11.7%. Exports in June were $230 million, a decrease of 18.7%. Exports in July were $253 million, a decrease of 7.3%. Exports in August were $264 million, a decrease of 5.5%. September exports were $205 million, a decrease of 7.7%. Exports in October were $282 million, an increase of 15.6% from the previous year. Exports in November were $274 million, an increase of 6.2% from the previous year.
Taiwan's machine tool products exported to the top 16 markets in January-November 2016, ranking first in the mainland, with an export value of 7.8844 billion US dollars, accounting for 30.0% of all exports, a decrease of 9.1% over the same period of the previous year. The United States ranked second, with an export value of $319.60 billion, accounting for 12.2% of exports, a decrease of 8.6% from the same period last year. Turkey’s third, export value of 136.637 million US dollars, accounting for 5.2% of exports, a decrease of 14.9% compared with the same period last year.
The rest is Thailand's reduction of 7.6%, Germany's 6.7%, the Netherlands's 0.5%, India's 1.2%, Vietnam's 8.4%, Japan's 2.4%, Italy's 9.3%, Russia's 14.4%, South Korea's 20.8%, Malaysia's reduction 22.5%, Indonesia decreased by 19.6%, the United Kingdom decreased by 30.2%, and Mexico decreased by 0.7%. The top 16 export markets account for about 82% of total machine tool exports.
3. Machinery Imports From January to November 2016, Taiwan's machinery and equipment imports grew, with an import value of US$257.32 trillion, an increase of 16.4% over the same period of the previous year.
If calculated in New Taiwan dollars, the import value is 828.7 billion yuan, an increase of 18.6% over the same period. Detailed analysis, in January 2016, machinery imports 70.1 billion yuan, an increase of 11.9%. Imports in February were 52.6 billion yuan, an increase of 17.8%. Imports in March were 63.7 billion yuan, an increase of 6.3%. Imports in April were 63.3 billion yuan, an increase of 10.3%. Imports in May were 77.8 billion yuan, an increase of 36.3%. Imports in June were 75.5 billion yuan, an increase of 5.8%. In July, imports were 81.4 billion yuan, an increase of 5.7%. Imports in August were 85.8 billion yuan, an increase of 23.5%. Imports in September were 75.8 billion yuan, an increase of 22.9%. Imports in October were 101.2 billion yuan, an increase of 49.4% over the previous year. Imports in November were 80.5 billion yuan, an increase of 15.5% over the previous year.
4. The main source of Taiwan 's machinery imports Taiwan's main source of imports from January to November 2016, Japan ranked first, with an import value of 7.78119 billion US dollars, accounting for 30.2% of all imports, an increase of 17.3% over the same period last year. The second is the United States, with an import value of $6.21295 billion, accounting for 24.1% of all imports, an increase of 10.4% over the same period last year. The third is the mainland, with an import value of 308.251 billion US dollars, accounting for 12.0% of all imports, an increase of 9.0% over the same period of the previous year.
5. 2016 major growth rate of Taiwan's machinery exports
(1) 2015 economic growth rate in 2015, global growth of 2.0%, of which Taiwan increased by 0.7%, Taiwan's major machinery export market grew by 6.9%, the United States 2.4%, Japan 0.6%, Thailand 2.5%, Germany 1.4%, Indonesia 4.7% , Vietnam 6.5%, South Korea 2.6%, Singapore 2.0%, Philippines 6.0%, India 7.3%, Malaysia 4.7%.
(2) Estimated growth rate of 2016 economy In 2016, the International Monetary Fund (IMF) estimated the global economic growth rate of 3.1% in 2016. Among them, Taiwan's economic growth rate is estimated at 1.0%. China's economic growth rate is estimated at 6.7%. US economic growth is estimated at 2.0%. The European economy grew by 1.7%.
6. Important factors affecting Taiwan's machinery exports The exchange rate of the Taiwan dollar against the US dollar The average US dollar exchange rate for the January-November 2016 exchange rate of NT$32.27NT$/US$, a depreciation of 2.12% over the same period of the previous year. Currently, the New Taiwan dollar is appreciation against the US dollar at 31.90. NT$/US$ or so. The Korean won is still in a state of over-depreciation. Since the global financial tsunami, the Korean won has depreciated by 24.5% against the US dollar in 2007, while the New Taiwan dollar has depreciated by 1.3% against the US dollar. The relative gap between the two sides is around 20%, leading to Taiwanese products. Competitiveness has gradually declined in the international market.
The mainland imported machinery and equipment from Taiwan for ECFA early tax reduction and exemption rate. In 2013, the two sides will accelerate the promotion of import tariffs on goods trade agreements, but failed to complete negotiations by the end of 2015. The European and Korean FTA was officially implemented on July 1, 2011, and the US-South Korea FTA was implemented on March 15, 2012. In addition, the China-Korea FTA has completed legislation at the end of 2015, and Korea’s economic and trade liberalization has already led Taiwan significantly.
At present, Taiwan's machinery goods are facing the biggest problems in the global economic and trade market. The first high-end machinery in Japan benefited from the sharp depreciation of the yen against the US dollar, and has already lowered the price of the US dollar in the international market. The second is the Korean fabric with the highest homogeneity. Due to the blessing of FTA, Taiwan's mechanical products are suppressed in major markets. In addition, mainland machinery goods are selling at a distance from the Taiwanese products in the international market. Taiwanese machinery is being attacked on three sides in the international market.
The yen has returned to the current exchange rate in 2002, with a sharp depreciation of around 50%. The euro also returned to the US dollar in 2003. It is also depreciated by 26%. The Korean won is also depreciated against the US dollar due to competition in the Japanese currency. From January to November 2016, Taiwan’s total export value decreased by 3.1% from the same period of the previous year, indicating that Taiwan’s global export competitiveness has declined. The competition between Taiwan and Japan’s machinery products is fierce. In 2011 – the strongest yen in 2012, the new Taiwan dollar was exchanged for the yen. It is 2.70 yen. When the yen is the weakest in 2015, the new Taiwan dollar is changed to 3.79 yen, and the current yen is 3.57 yen. Therefore, the new Taiwan dollar should be moderately adjusted to 34-35 yuan/dollar.
In the current global economic and trade changes and instability, the direction of mechanical new product development, such as automation, customization, and intelligence, has become an indispensable condition. In addition, manufacturers must have the ability to respond quickly and quickly with orders and short orders. . The government's economic and trade executives should speed up the implementation of the economic and trade liberalization policy and the ability of the currency to respond quickly to the US dollar, with a view to assisting Taiwanese machinery goods to compete with Japanese and Korean machinery goods under conditions of fair competition.
2. Taiwan's machinery export market
(1) Machinery export market Taiwan's machinery products exported to the main markets from January to November 2016. The mainland's first export value was US$4.6818 billion, accounting for 24.3% of all exports, a decrease of 5.2% from the same period of the previous year. The United States ranked second, with an export value of $3.4828 trillion, accounting for 18.1% of exports, a decrease of 0.5% from the same period last year. Japan’s third, export value of 1.3370.7 billion US dollars, accounting for 6.9% of exports, an increase of 9.9% over the same period last year.
The detailed analysis of machinery exports to the mainland in January was 361 million US dollars, a significant decrease of 36.8% from the same month of the previous year. February was 303 million US dollars, a decrease of 5.8% from the previous year. March was 450 million US dollars, a decrease of 16.6% from the previous year. April was $425 million, a decrease of 7.3% from the previous year. May 501 million US dollars, a decrease of 16.1% over the previous year. June was 443 million US dollars, a decrease of 3.8% from the previous year. July was 443 million US dollars, up 4.2% from the previous year. August 400 million US dollars, a decrease of 7.7% over the previous year. September was $312 million, a decrease of 6.3% from the previous year. In October, it was 530 million US dollars, an increase of 39.2% over the previous year. November's $512 million, an increase of 25.0% over the previous year.
(2) Machine tool export market In January-November 2016, Taiwan's machine tool export value reached US$6.264 billion, a decrease of 10.7% compared with the same period of last year. Machine tool exports appear to be facing more complicated international competition, and face a sharp depreciation of the yen. About 50% will affect international buyers' orders for Taiwan. Exports in January were $215 million, a decrease of 24.9%. Exports in February were $180 million, a decrease of 13.6%. Exports in March were $238 million, a decrease of 21.5%. Exports in April were $216 million, a decrease of 21.0%. Exports in May were $266 million, a decrease of 11.7%. Exports in June were $230 million, a decrease of 18.7%. Exports in July were $253 million, a decrease of 7.3%. Exports in August were $264 million, a decrease of 5.5%. September exports were $205 million, a decrease of 7.7%. Exports in October were $282 million, an increase of 15.6% from the previous year. Exports in November were $274 million, an increase of 6.2% from the previous year.
Taiwan's machine tool products exported to the top 16 markets in January-November 2016, ranking first in the mainland, with an export value of 7.8844 billion US dollars, accounting for 30.0% of all exports, a decrease of 9.1% over the same period of the previous year. The United States ranked second, with an export value of $319.60 billion, accounting for 12.2% of exports, a decrease of 8.6% from the same period last year. Turkey’s third, export value of 136.637 million US dollars, accounting for 5.2% of exports, a decrease of 14.9% compared with the same period last year.
The rest is Thailand's reduction of 7.6%, Germany's 6.7%, the Netherlands's 0.5%, India's 1.2%, Vietnam's 8.4%, Japan's 2.4%, Italy's 9.3%, Russia's 14.4%, South Korea's 20.8%, Malaysia's reduction 22.5%, Indonesia decreased by 19.6%, the United Kingdom decreased by 30.2%, and Mexico decreased by 0.7%. The top 16 export markets account for about 82% of total machine tool exports.
3. Machinery Imports From January to November 2016, Taiwan's machinery and equipment imports grew, with an import value of US$257.32 trillion, an increase of 16.4% over the same period of the previous year.
If calculated in New Taiwan dollars, the import value is 828.7 billion yuan, an increase of 18.6% over the same period. Detailed analysis, in January 2016, machinery imports 70.1 billion yuan, an increase of 11.9%. Imports in February were 52.6 billion yuan, an increase of 17.8%. Imports in March were 63.7 billion yuan, an increase of 6.3%. Imports in April were 63.3 billion yuan, an increase of 10.3%. Imports in May were 77.8 billion yuan, an increase of 36.3%. Imports in June were 75.5 billion yuan, an increase of 5.8%. In July, imports were 81.4 billion yuan, an increase of 5.7%. Imports in August were 85.8 billion yuan, an increase of 23.5%. Imports in September were 75.8 billion yuan, an increase of 22.9%. Imports in October were 101.2 billion yuan, an increase of 49.4% over the previous year. Imports in November were 80.5 billion yuan, an increase of 15.5% over the previous year.
4. The main source of Taiwan 's machinery imports Taiwan's main source of imports from January to November 2016, Japan ranked first, with an import value of 7.78119 billion US dollars, accounting for 30.2% of all imports, an increase of 17.3% over the same period last year. The second is the United States, with an import value of $6.21295 billion, accounting for 24.1% of all imports, an increase of 10.4% over the same period last year. The third is the mainland, with an import value of 308.251 billion US dollars, accounting for 12.0% of all imports, an increase of 9.0% over the same period of the previous year.
5. 2016 major growth rate of Taiwan's machinery exports
(1) 2015 economic growth rate in 2015, global growth of 2.0%, of which Taiwan increased by 0.7%, Taiwan's major machinery export market grew by 6.9%, the United States 2.4%, Japan 0.6%, Thailand 2.5%, Germany 1.4%, Indonesia 4.7% , Vietnam 6.5%, South Korea 2.6%, Singapore 2.0%, Philippines 6.0%, India 7.3%, Malaysia 4.7%.
(2) Estimated growth rate of 2016 economy In 2016, the International Monetary Fund (IMF) estimated the global economic growth rate of 3.1% in 2016. Among them, Taiwan's economic growth rate is estimated at 1.0%. China's economic growth rate is estimated at 6.7%. US economic growth is estimated at 2.0%. The European economy grew by 1.7%.
6. Important factors affecting Taiwan's machinery exports The exchange rate of the Taiwan dollar against the US dollar The average US dollar exchange rate for the January-November 2016 exchange rate of NT$32.27NT$/US$, a depreciation of 2.12% over the same period of the previous year. Currently, the New Taiwan dollar is appreciation against the US dollar at 31.90. NT$/US$ or so. The Korean won is still in a state of over-depreciation. Since the global financial tsunami, the Korean won has depreciated by 24.5% against the US dollar in 2007, while the New Taiwan dollar has depreciated by 1.3% against the US dollar. The relative gap between the two sides is around 20%, leading to Taiwanese products. Competitiveness has gradually declined in the international market.
The mainland imported machinery and equipment from Taiwan for ECFA early tax reduction and exemption rate. In 2013, the two sides will accelerate the promotion of import tariffs on goods trade agreements, but failed to complete negotiations by the end of 2015. The European and Korean FTA was officially implemented on July 1, 2011, and the US-South Korea FTA was implemented on March 15, 2012. In addition, the China-Korea FTA has completed legislation at the end of 2015, and Korea’s economic and trade liberalization has already led Taiwan significantly.
At present, Taiwan's machinery goods are facing the biggest problems in the global economic and trade market. The first high-end machinery in Japan benefited from the sharp depreciation of the yen against the US dollar, and has already lowered the price of the US dollar in the international market. The second is the Korean fabric with the highest homogeneity. Due to the blessing of FTA, Taiwan's mechanical products are suppressed in major markets. In addition, mainland machinery goods are selling at a distance from the Taiwanese products in the international market. Taiwanese machinery is being attacked on three sides in the international market.
The yen has returned to the current exchange rate in 2002, with a sharp depreciation of around 50%. The euro also returned to the US dollar in 2003. It is also depreciated by 26%. The Korean won is also depreciated against the US dollar due to competition in the Japanese currency. From January to November 2016, Taiwan’s total export value decreased by 3.1% from the same period of the previous year, indicating that Taiwan’s global export competitiveness has declined. The competition between Taiwan and Japan’s machinery products is fierce. In 2011 – the strongest yen in 2012, the new Taiwan dollar was exchanged for the yen. It is 2.70 yen. When the yen is the weakest in 2015, the new Taiwan dollar is changed to 3.79 yen, and the current yen is 3.57 yen. Therefore, the new Taiwan dollar should be moderately adjusted to 34-35 yuan/dollar.
In the current global economic and trade changes and instability, the direction of mechanical new product development, such as automation, customization, and intelligence, has become an indispensable condition. In addition, manufacturers must have the ability to respond quickly and quickly with orders and short orders. . The government's economic and trade executives should speed up the implementation of the economic and trade liberalization policy and the ability of the currency to respond quickly to the US dollar, with a view to assisting Taiwanese machinery goods to compete with Japanese and Korean machinery goods under conditions of fair competition.
Author: Taiwan Machinery Industry Association Secretary-General Wang Zhengqing
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