Despite facing a challenging global economy and fluctuating foreign exchange rates, Taiwan’s machinery exports demonstrated resilience.
Last month, exports amounted to US$2.35 billion, with the industry continuously adapting to the evolving market conditions. Notably, the electronic equipment sector showed positive signs, registering a 1.3 percent increase in overseas shipments, indicating a gradual recovery, especially in the semiconductor industry.
Hiwin Technologies Co, a leading Taiwanese machinery maker, is adjusting to the market with steady efforts. In the first 10 months of this year, Taiwan maintained its strong position in global machinery trade, with China, the US, and Japan as the top buyers, emphasizing the sector’s international reach.
The Taiwan Association of Machinery Industry highlighted the importance of competitive exchange rates in securing orders and stressed the government’s role in monitoring key currencies. Despite the NT dollar’s depreciation against the US dollar, the resilience and adaptability of Taiwan’s machinery sector are evident, positioning it well for future growth and recovery.