Currently Taiwan is the world’s 5th largest producing country of machine tools, which generate the greatest amount of output in the Taiwanese machinery industry. More than 75% of the machine tools made in Taiwan are exported, making the country an influential force in the global market. In 2008, Taiwan registered US$ 4.8 billion in output of the machine-tool sector, and superseded Korea for the second time as the world’s 5th largest machine-tool exporting country---next only to Japan, Germany, China and Italy---with an 11.3% annual growth. (Note: Taiwan outperformed Korea in 2004 for the first time)
Despite the global financial crisis, Taiwan’s machine-tool sector recovers obviously faster than the other countries in 2010. The annual output of that sector is expected to grow by more than 50% in 2010---and return to the US$ 4 billion level---and more than 20% in 2011. In other words, the output of Taiwan’s machine-tool sector has the potential to exceed....