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Taiwan has a "screw kingdom" and is export-oriented. According to statistics from the Ministry of Economic Affairs, from January to August this year, Taiwan had a market share of 31% in the United States for screw and nut imports and a market share of 26% in the EU's import market
In recent years, steel prices and the volatility in Europe and the United States affect output performance. According to statistics from the Ministry of Economic Affairs, the output value of Taiwan's screw nuts and nuts hit a record high of 95.3 billion yuan in 100 years. As a result of the weakening of international steel prices and the spread of the European debt crisis in 101 and 102, the output value of Taiwan's screw nuts dropped slightly for two consecutive years. In 103 years, precision turning machining cnc ManufacturerHowever, due to the low steel prices, the output value of 103 was 103.6 billion yuan, up 10% year-on-year; the global economy slowed down in 104 years and the investment in enterprises tends to be conservative. Coupled with fierce international competition to grab a single low, the output value reduced to 885 billion yuan. In the first half of this year (105), the economy was weak and orders were not as expected. The output value in January-August was 55.2 billion yuan, down 8.1% on a year-on-year basis.
The United States and the European Union are the major export markets for Taiwan's screw nuts. Taiwan screw nut export-oriented, direct export ratio of about Bacheng. According to the statistics of the Ministry of Economic Affairs, the export of screw and nut was from January to September in the order of the United States (37%), the EU (34.2%), Japan (5%) and China (3%), With the United States and the European Union as the main markets, both exports accounted for 71.2%. January-September this year, exports 2.69 billion US dollars, 10.3% lower than the same period last year. From January to August this year, Taiwan's market share of screw and nut in the United States import market continued to be the highest with a market share of 31%, with mainland China ranking 21.9%. In the EU's import market, Taiwan accounted for 26% of the top, the United States accounted for 15.9% second place, mainland China accounted for 13.7% ranking third.CNC Machining turning brass equipments parts Manufacturer
Taiwan enjoys a reputation as a "screw kingdom" internationally. With over 1,500 factories and over 30,000 employees, Taiwan's largest industrial cluster is located in Kaohsiung and has nearly 600 factories and employs 15,000 people People, one of the main sources of supply for the global screw nut. Juheng listing, Chunyu, Samsung, Huaqi, Heng Yao, long Yang, etc. for the relevant manufacturers.