Taiwan 2021 machinery exports will be hitting records says TAMI chairman

Taiwan has seen a substantial increase in its revenue in midst of a pandemic, thanks to the strong demand for its semiconductor and machinery exports. In the year 2021, as technology gets evolved the demand for such products is likely to increase.

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So, the Taiwan-based machinery manufacturers are expecting to generate around NT$1.2 trillion or US$42.6 billion in output and US$30 billion exports in 2021. This a huge increase by 9% and 15% respectively year-on-year, hitting respective records, according Alex Ko, chairman of Taiwan Association of Machinery Industry (TAMI).

As reported by Digitimes, as a lot of manufacturers are relocating from China, including the Taiwan-based ones, have been relocating factories from China to Vietnam, India, Mexico and other countries due to the US-China trade disputes, boosting the demand for machinery.

According to TAMI, Taiwan’s machinery exports in January 2021 hit a monthly record of US$2.671 billion, growing as much as 2.8% sequentially and 33.4% on the year. Taiwan’s machinery manufacturers have already seen an increase in exports and domestic sales.

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Many Taiwan-based manufacturers with factories in China have returned to Taiwan to set up production lines for high-end products. So, the year 2021 could end up on a positive note for Taiwan and the machinery production in the country.

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Raunak Saha
A cs engineer by profession but foodie from heart. I am tech lover guy who has a passion for singing. Football is my love and making websites is my hobby.

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