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At the same time, Taiwan’s machinery and equipment imports fell sharply, with imports valued at US$7,056,600,000, representing a negative growth of 36.1% over the same period of the previous year, and NT$326.4 billion, representing a negative growth of 31.1% over the same period of the previous year.
The export value of Taiwan's machinery and equipment was sluggish in global demand in the fourth quarter of 2008. In January-July 2009, the dollar declined sharply in accordance with the United States dollar, indicating that the export market is in poor conditions, while the international market has reduced the demand for Taiwan's machinery and equipment. Imports in dollar denominated terms also decreased significantly. If they were denominated in Taiwan dollars, they also saw negative growth. This shows that the domestic investment is weak, especially the demand for imported equipment in the high-tech industries.
Taiwan's total import and export value of machinery in the first half of this year has shrunk dramatically
In the first seven months of this year, Taiwan’s exports of machinery and equipment decreased drastically and its export value reached US$5.95 billion, a negative growth of 38.2% over the same period of the previous year. If valued in Taiwan dollars, the export value will reach 1986 billion yuan, a negative growth of 33.2% over the same period of last year. January single-month mechanical export value of NT 30.5 billion, a decrease of 30.5% compared with January of last year. The monthly export value of machinery in February was NT$22.9 billion, a decrease of 27.6% from February of the previous year. The export value of machinery in March alone was NT$31.4 billion, a decrease of 31.9% from March of last year. The export value of machinery in April was NT$27.7 billion, a decrease of 34.6% from April of the previous year. In May alone, the mechanical export value was NT$27.7 billion, a decrease of 38.5% from May of the previous year. The monthly export value of machinery in June was NT$30.7 billion, a decrease of 32.1% from June of the previous year. In July alone, mechanical exports were NT$27.4 billion, a decrease of 35.9% from the previous year. Taiwan’s total exports from January to July decreased by 27.4% from the previous year, of which electronic products decreased by 19.9%, motor products decreased by 40.7%, steel decreased by 34.1%, and textiles decreased by 14.9%.