Statistical Analysis of Taiwan Machinery Imports by US Machinery Import Statistics

In the early days, the United States was the world's largest consumer and import market for mechanical goods, but in recent years it has been surpassed by mainland China's consumption and imported machinery. The main reason is that China has become the world's largest production base, and China is also the world's largest manufacturing and trading country.

The United States is the world's largest market for machinery production, import, and consumption. The US machinery consumption market is also the most competitive and liberalized representative market in the world. The United States imports approximately $200 million in mechanical goods each year, which accounts for approximately 10% of the annual US imports. In order to pursue a higher economy For the growth rate, the mainland must import large quantities of high-end mechanical goods every year in order to enhance the competitiveness of the industry and promote the rapid development of the industry.

1. Imports of US machinery products in recent years
In recent years, US machinery imports have been approximately US$ 200 million per year, accounting for about 10% of the total annual US imports. The United States is already a highly mechanized and automated country. Various production activities, such as agriculture, industry, mining, and commerce, use machinery to replace labor. In recent years, they have actively promoted automation and smart manufacturing. Advanced manufacturing technology and equipment.
In 2012, US imports of machinery products reached US$207.8 billion. In 2013, US imports of machinery products were US$205.8 billion, a decrease of 1.0% from the same period last year. In 2014, imports were US$224.6 billion, a significant increase of 9.1% from the previous year. In 2015, imports reached US$223.5 billion, a slight decrease of 0.5% from the same period last year.
According to the statistical analysis of US machinery imports in 2015, the mainland ranked first, with an import value of 41.6 billion US dollars, accounting for 18.6% of all imports, an increase of 2.2% over the previous year. Mexico ranked second, with an import value of 31.5 billion US dollars, accounting for 14.1%, an increase of 1.6% over the previous year. Third, Japan’s imports were US$28.2 billion, accounting for 12.6%, a negative growth of 6.1% from the previous year.
The other order is that Germany accounted for 10.5%, an increase of 1.0%. Canada accounted for 8.6%, with a negative growth of 5.2%. South Korea accounted for 4.2%, an increase of 4.7%. France accounted for 41.%, Italy 3.9%, Britain 3.6%, Taiwan 1.8%, etc. Taiwan ranks 10th in US imports, followed closely by the European Union and other Asian countries, such as the Netherlands, Austria, Thailand, Singapore, etc.

2. Main representative products imported from US machinery
The most representative products imported from US machinery are power machinery, such as engines and spare parts; the second category is general machinery, such as fluid machinery, valves, etc.; the third category is environmental equipment, such as air conditioning Refrigerating equipment and other mechanical parts are also representative of a large number of imported goods from the United States.
Manufacturing machinery and equipment is also a representative product imported from the United States, such as transportation machinery for the logistics industry, special function machinery such as the electronics industry and the environmental protection industry, process equipment for the semiconductor photovoltaic panel for the semiconductor optoelectronic industry, machine tools for metal processing, and plastic processing Plastic machinery, textile machinery for textile industry, etc.
In 2015, the import value of engines and spare parts reached US$39 billion, accounting for 17.5% of all imports, a decrease of 19.8% from the previous year. Imports of pumps, blowers, compressors, and valves amounted to US$34 billion, accounting for 15.2% of all imports, a decrease of 3% from the previous year. The import of air-conditioning and refrigeration equipment was US$14.6 billion, accounting for 6.6% of all imports, an increase of 2.9% over the previous year.
Imports of mechanical components and parts amounted to US$11.5 billion, accounting for 5.2%. The import value of transportation machinery was USD 8.2 billion, accounting for 3.7%. Special function machinery is 6.6 billion US dollars, accounting for 3.0%. Semiconductor optoelectronic equipment was US$5.3 billion, accounting for 2.4%. The import of machine tools was US$5.2 billion, accounting for 2.4%.

3. Main sources of supply for US machinery imports
The three major sources of US machinery imports are Asia, the European Union, and North America. The top three sources account for more than 90% of US machinery imports.
US machinery imports come from Asian countries, followed by the mainland, Japan, South Korea, Taiwan, Thailand, Singapore, etc. Six countries account for about 40% of US imports.
The sources of US imports from the EU are Germany, France, Italy, the United Kingdom, the Netherlands, Austria, Switzerland, Spain, and so on. Eight countries account for about 27% of US imports.
US machinery imports from North America, mainly members of NAFTA Mexico, Canada, etc., mainly US companies moved to North America to produce, in order to reduce costs or close to the market after local production, and then re-exported to the United States, two countries accounted for the United States The import value is 23%. About 2015

4. The status of Asian countries in the source of US machinery imports
US machinery imports come from Asian countries, followed by the mainland, Japan, South Korea, Taiwan, Thailand, Singapore, and so on.
In 2015, US machinery imports from the mainland amounted to 41.6 billion US dollars, accounting for 18.6% of the year's imports, an increase of 2.2% over the previous year. Imports from Japan amounted to US$28.2 billion, accounting for 12.6% of imports that year, a decrease of 6.1% from the previous year. South Korea’s imports reached US$9.3 billion, accounting for 4.2% of the year’s imports, up 4.7% from the previous year.
The US imported 4 billion US dollars from Taiwan, accounting for 1.8% of imports, an increase of 1.7% over the previous year. The import volume from Thailand was US$2.6 billion, accounting for 1.2% of imports, an increase of 29.1% over the previous year. Imports from Singapore amounted to US$2.6 billion, accounting for 1.2%, an increase of 40.6% over the previous year.
US imports of Asian machinery, of which high-end machinery is supplied by Japan, mid-end is mainly supplied by South Korea, Taiwan, Singapore, etc., low-mid-range machinery goods are mainly supplied by the mainland, Thailand, and so on.

5. Facing global competition, Taiwan's machinery industry has the opportunity to become Eastern Switzerland
The United States is the most competitive and freest consumer market in the world. The United States imports about $200 million in mechanical goods annually, accounting for about 10% of the total US imports. The main sources of imports are Asia, the mainland, Japan, South Korea, Taiwan, etc., and the European Union is Germany, France, Italy, United Kingdom, etc., North America is Mexico, Canada, etc. Taiwan ranks 10th in US imports, accounting for about 2% of US machinery imports.
Switzerland ranks 15th in the United States in terms of machinery imports and fails to enter the top ten, but Switzerland has a small population and can enter the 15th place, which means that Switzerland can provide machinery products with high added value, high precision, and special functions. According to statistics, the Swiss population is 35% of Taiwan’s population, but the amount of Swiss machinery exports to the United States is 65% of Taiwan’s, which fully shows that Switzerland exports high value-added machinery products to the US market.
Taiwan is under the global machinery powers of Europe, Asia, and the United States. If you want to become a big country and a strong country, the possibility is very low. The most likely thing is to become the Swiss of the East. The spirit of machinery is developing in the direction of high precision, high speed, automation, customization, differentiation, and intelligence. Taking the import of American machinery products as an example, if Taiwan's precision machinery water level can reach the same level as Switzerland, the amount of Taiwan's precision machinery exports to the United States will likely double the amount.

Reference: market-prospects、tami