The United States has, for the first time in 2024, overtaken China and Hong Kong to become the primary destination for Taiwan-made machinery. This significant development was highlighted in a recent report from Taiwan's Ministry of Finance (MOF), reported news agency ANI.

According to ANI, this shift is largely attributed to China's ongoing efforts to bolster its own machinery manufacturing capabilities.

In 2024, Taiwan's machinery exports to the US reached an impressive USD 5.8 billion, representing a 6.1 per cent increase from the previous year and accounting for 24.2 per cent of the nation's total machinery exports. In contrast, sales to China and Hong Kong saw a 1.5 per cent decline, falling to USD 5.7 billion, which made up 23.7 per cent of the total.