Imports of Taiwan Machine Tool in 2022

According to the data provided by Taiwan Customs Administration, Ministry of Finance, analyzed by Taiwan Machine Tool & Accessory Builders’ Association (TMBA), the cumulative import value of Taiwan machine tool in 2022 was US$898 million, representing a 7.4% decrease from 2021. Among them, the import value of metal cutting machine tool was US$770 million in 2022, an decrease of 10.5% compared to 2021. The import value of metal forming machine tool was nearly US$129 million, an increase of 16.3% compared to 2021. If compared to the previous month, the import value of machine tool in December 2022 up 50.2% compared to November 2022, with the imports of metal cutting machine tool up 47.7% and the imports of metal forming machine tool increased by 61%.

Analyzed by the machine type, the first place in the import of metal cutting machine tool is electric, laser and ultrasonic tools, with an import value of nearly US$376 million, accounting for 41.8% of the total import value, and a decrease of 10.7% compared with 2021. The second largest import is lathe, with US$128 million, accounting for 14.3% of total imports, and 16.3% increase compared to 2021. The main importing countries are Japan, China (including Hong Kong) and Korea, please refer to Table 11 for detailed statistics.

Major Import Markets for Machine Tools
Analyzed by the importing country (region), the top ten countries (regions) for Taiwan's machine tool imports in 2022 are: Japan, China (including Hong Kong), Korea, Germany, Switzerland, Italy, Thailand, the United States, Singapore and Israel in order. Taiwan's imports of machine tool from Japan accounted for 51.8% of the total imports, amounting to US$466 million, declining 7.9% compared to 2021. Please refer to Table 12.