Exports and Imports of Taiwan Machine Tool Accessory in 2021
Export Performance
According to the data provided by Taiwan Customs Administration, Ministry of Finance, the total export value of machine tool accessory, including Work Holders, Dividing Heads and Other Special Attachments for Machine Tools, Parts and Accessories for Metal Cutting Machine Tools, Parts and Accessories for Metal Forming Machine Tools, Ball Screws, and Ball or Roller Linear Side Guides, was US$2.138 billion in 2021, up 58.6% compared to 2020’s export value of US$1,405 million. In terms of quarterly export value, the total export value for the fourth quarter of 2021 was US$581 million, an increase of 3.4% compared to the third quarter of 2021. Please refer to Table 1 for detailed statistics.
Major Export Markets for Machine Tool Accessory
In terms of major exporting country of Taiwan machine tool accessory in 2021, China (including Hong Kong) is the largest market with a total export value of US$1.35 billion, up 49.9% from 2020; followed by Japan, with total exports of US$121 million, up 65.4% from 2020, followed by the United States, the Netherlands, Korea, India, Italy, Germany, Thailand, and Turkey. Please refer to Table 2 for detailed statistics.
Import Performance
Total import value of Taiwan machine tool accessory in 2021 was US$275 million, up 44.5% from 2020. In terms of quarterly imports, total imports in Q4 2021 was US$73.81 million, a 6% increase compared to Q3 2021. Please refer to Table 9 for detailed statistics.
Major Import Markets for Machine Tool Accessory
In terms of major import countries of Taiwan machine tool accessory, Japan is the most important import country, accounting for 35.2% of the total imports. Second is China (including Hong Kong) with imports of US$85.55 million, up 64.1% from 2020. Germany is in third place, with imports of nearly US$27.62 million, up 31.3% from 2020, followed by Italy, Switzerland, the United States, the United Kingdom, Korea, Romania and Vietnam. Please refer to Table 10 for detailed statistics.
