Page 7 - SmartMachinery

robots, and key components of automation have relatively high output value in
Taiwan's machinery industry.

The output value of Taiwan's machinery industry was NT$1.18 trillion in
2018. However, the intensification of the trade disputes between the United
States and China and the significant decrease the demand for industrial
machinery caused the output value in 2019 to decline by 6.8% from 2018 to
NT$1.1 trillion (Figure 1).

According to information announced by the Taiwan Association of
Machinery Industry, the export value of machinery equipment in Taiwan was
US$860.1 billion in 2019, dropping 5.7% compared to 2018. The main exporters
of machinery in 2019 were Germany, Japan, China, Italy, Taiwan, the United
States, and South Korea, with a combined export value of approximately US$33
billion, accounting for more than 70% of global exports. 1

output value Annual growth rate
16,000 11.1% 11,800 11,000 12.0%
10.0%
Unit: NT$, in 100 millions 12,000 9,900 4.2% 11,000 7.3% -2.0%
14,000
8.0%
6.0%
10,000
4.0%
2.0%
8,000
0.0%
6,000
4,000
2,000
-6.0%
-8.0%
0 -6.8% -4.0%
2016 2017 2018 2019
Source: Taiwan Machinery Monthly, Issue 755, (January 2020),
Source: Taiwan Machinery Monthly, Issue 755, (January 2020),
http://www.tami-ebook.com.tw/TaiwanMachineryMonthly_2020_01/index.asp.
http://www.tami-ebook.com.tw/TaiwanMachineryMonthly_2020_01/index.asp.
Figure 1 Output value of Taiwan's machinery industry in 2016-2019
1 Taiwan Association of Machinery Industry, http://www.tami.org.tw/statistics/2019_global_mt.pdf.

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