According to the latest statistics released by the Taiwan Machine Tool Development Foundation (TMTF), the total export value of Taiwan's machine tools reached US$311.6 million in January-February 2010, up 10.8% from the same period of the previous year. The export value of cutting machine tools was US$241.72 million, up 13.6% year-on-year; the export value of forming machine tools was US$69.87 million, up 2.3% year-on-year.

From the perspective of export markets, China and Hong Kong ranked first, with exports of US$122.79 million, accounting for 39.4% of total exports, up 71.8% from the same period of the previous year. The United States ranked second with US$17.5 million. Exports were 5.6%, down 42.8% year-on-year; Thailand ranked third with US$15.38 million, accounting for 4.9%, up 36.1% year-on-year.

In terms of imports, in January-February 2010, the import value of Taiwan's machine tools reached US$76.83 million, an increase of 44.5% over the previous year. The import value of cutting machine tools was US$67.67 million, up 65.1% year-on-year; the import value of forming machine tools was US$ 9.16 million, down 24.7% year-on-year.

From the source of imports, Japan ranked first, with imports reaching US$47.54 million, accounting for 61.9% of total imports, up 133% year-on-year; US second, importing US$5.55 million, accounting for 7.2%, down 3.0% year-on-year. Germany ranked third, with an import value of US$4.56 million, accounting for 5.9%, a year-on-year decrease of 54.7%.

According to TMTF, the Taiwan machine tool industry has gradually recovered in the first quarter of 2010. At present, orders have been completed in the second quarter, and the industry is receiving orders for the third quarter. The overtime work of the factory and the increase in the employment of employees have also been seen, indicating that the market demand is rising sharply, and the orders received are still more urgent orders and short orders.

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