September 2, 2004
Ministry of Economic Affairs (
MOEA) statistics reveal that the value of overseas orders placed in Taiwan grew 27.83% on the year to
USD 18.54 billion in the month of July, once again setting a record monthly high. The
MOEA attributes this continued growth to the approaching arrival of the traditional peak season for
IT and electronics products, increasing global steel prices, and strong demand in China and Hongkong.
Looking at different top product categories, we see that orders for electronics products increased
USD 1.11 billion compared to July of last year, for an annual growth rate of 39.27%, while orders for precision instruments grew by
USD 720 million, an annual growth rate of 133.02%. Basic metal products, due to rising steel prices and increasing demand in China and the United States, increased
USD 390 million on the year, for an annual growth rate of 29.29%.
The top countries placing orders in Taiwan in July were, in order, the United States, Hongkong, the European Union and Japan. The value of orders from each of these places all rose compared to July 2003. Orders from the United States grew
USD 1.31 billion. Those from Hongkong, the European Union and Japan increased by
USD 880 million,
USD 760 million and
USD 270 million respectively.
(Central News Agency)
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