Increased Decline in the Export of the Machinery Industry

The Taiwan Machinery Association released the first-quarter export news of Taiwan's machinery and equipment yesterday (10). Affected by the new coronary pneumonia epidemic, the export value in the first quarter was 5.97 billion US dollars, a 14.1% decline from the same period last year, the lowest in the past three years. The New Taiwan Dollar is denominated at 179.5 billion yuan, a year-on-year decrease of 16.2%.

It is worth noting that the total export value of machine tools, which are the main machinery and equipment exports, in the first quarter totaled 553 million US dollars, a significant decrease of 24.7% from the same period last year. In addition to the global spread of the New Crown epidemic, the New Taiwan dollar is a strong currency against the Japanese yen and the Korean won In terms of exports, it is better to export to the mainland in a single month in March, a decrease of only 11% compared with the same period last year.

The Taiwan Machinery Association pointed out that the monthly export value of machinery and equipment in March was US $ 2.219 billion, a decline of 12.8% from US $ 2.545 billion in the same period last year. If it was about NT $ 66.9 billion in NT, it was 14.8% lower than the same period last year. .

The top three export values ​​of machinery and equipment in the first quarter were inspection equipment 733 million US dollars, accounting for 12.8%, a growth of 1.5%; electronic equipment 734 million US dollars, accounting for 12.3%, a decline of 11.7%; machine tools 553 million The US dollar accounted for 9.3%, with a recession of 24.7%.

The import value of machinery and equipment in the first quarter was US $ 10.52 billion, a 3.4% increase from the same period last year. The top three in terms of import value are electronic equipment of 4.661 billion US dollars, accounting for 44.2%, a growth of 4.4%; inspection and measurement equipment of 2.065 billion US dollars, accounting for 19.6%, a growth of 11.8%; turbines of 590 million US dollars, accounting for 5.7%, recession 10.3%.

The Machinery Association pointed out that in the first quarter, the New Taiwan dollar appreciated by 2.53% compared with the same period last year.

At present, the exchange rate of the New Taiwan Dollar to the US dollar is about 30.1 yuan, which is still a strong currency relative to the Japanese yen and South Korean won, which is not conducive to the export of Taiwan's machine tools.