Machinery exports bounced back in H1 2025—does that mean traditional manufacturing is staging a comeback?

Don't read it that way. The Ministry of Finance's figures show machinery overall grew 4.3% year-on-year in H1, but the same report clearly notes that machine tools still declined 6.0% year-on-year. This reveals severe internal divergence within the machinery category: an overall bounce does not mean all segments are recovering. The article's observation is: even if overall figures show a rebound, the internal differentiation within traditional manufacturing is actually becoming more severe, not showing broad recovery. In the same period, chemicals declined 0.4% year-on-year and plastics/rubber products fell 6.0%—contraction pressure persists. Relying on industry-wide numbers easily leads to misjudgment. You need to break down the data to your specific product segment to accurately gauge the directional trend of where you stand.