Taiwan 2021 machinery exports will be hitting records says TAMI chairman

- Advertisement - Kinguin WW

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.

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.

- Advertisement - NameCheap [CPS] WW

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.

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.

- Advertisement - Wondershare WW
Lenovo India [CPS] IN
Redwolf [CPS] IN
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.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Domino's [CPS] IN

More To Consider


Stay Connected

Boat Lifestyle [CPS] IN

Hot Topics

Oppo India [CPS] IN

Latest Articles

Harman Audio [CPS] IN


Parallels WW


Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add yourdomain.com to your ad blocking whitelist or disable your adblocking software.