2023 Taiwan Industrial Outlook - Metal Fabrication

In 2022, Taiwan’s export value was NT$188.38 billion, a YOY growth of 21.7%. Export volume remained the same as last year at 1.675 million tons, which is a clear indication that average unit price increased to NT$112.1 per kilogram on average. In terms of imports, Taiwan’s import volume in 2022 was NT$6.48 billion, totaling 24,000 tons. Despite conditions such as uncontrolled global inflation and unclear demand side conditions due to the Russia-Ukraine War, the fastener industry’s export value still showed remarkable double digit growth.