AAT Business Club

Machinery exports grow, despite concerns

 

Machinery exports grew 33.8 percent year-on-year to US$2.8 billion last month, the 11th consecutive month of growth, the Taiwan Association of Machinery Industry said recently.
 
In New Taiwan dollar terms, exports rose 26.2 percent last month from a year earlier, the association said.
 
The machinery sector is facing shortages and higher prices of raw materials, the association said.
 
Logistical problems and lingering uncertainty about the COVID-19 pandemic are also challenges facing the sector, it said.
 
The association urged the government to prioritize vaccinations for machinery industry employees so that they can travel abroad to attend exhibitions, visit customers, and oversee the delivery and maintenance of equipment.
 
Machinery exports totaled US$18.56 billion in the first seven months of the year, up 28.1 percent year-on-year.
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