TAIPEI (Taiwan News) — Taiwan’s machinery exports hit NT$102.4 billion (US$3.18 billion) in June, up 16.6% from a year earlier and marking the 17th month of year-on-year growth, the Taiwan Association of Machinery Industry said Friday.
First-half machinery exports reached NT$572.2 billion, up 19.3% from the same period last year, per Liberty Times. TAMI said that if strong momentum continues in the second half, annual exports could surpass the 2022 record of NT$1.12 trillion.
The association said demand for semiconductors and AI servers has driven strong growth in electronic equipment and inspection and measurement equipment, per CNA.
Taiwan’s machinery industry remains highly export-oriented and continues to face pressure from exchange rate movements, TAMI explained. It said the industry’s shift toward higher-value products will take time, particularly for machine tools and related supply chains that still need policy support.
Electronic equipment posted the strongest export performance in June, with shipments reaching NT$20.5 billion, accounting for 19.6% of total machinery exports. The figure was the second-highest monthly export value on record for the category, reflecting continued demand from AI and semiconductor industries.
Machine tool exports remained under pressure from exchange rate challenges and international competition. June exports fell 8.3% year over year to NT$5.7 billion, while first-half exports declined 3.1% to NT$31.4 billion.
TAMI said the Taiwan dollar’s current exchange rate remains unfavorable for machinery exporters, especially compared with the Japanese yen and South Korean won, which have weakened more significantly, per Liberty Times. The exchange rate gap has particularly affected standardized machine tool products.
The US was Taiwan’s largest machinery export market in the first half of the year, accounting for 26.1% of exports, followed by China at 20.9% and Singapore at 7.5%.
