December 12, 2006
The Ministry of Economic Affairs announced that export orders have set a new record for the fourth time this year, reaching
USD 27.29 billion. Export orders indicate pending export shipments.
The record breaking total for Oct. represents a 10.88% increase over last year.
Despite a slowing of the US economy, Taiwan is seeing considerable demand from emerging markets in Asia, said the
MOEA. With dropping oil prices, the
MOEA statistics department projects that exports this year could approach
USD 300 billion, growing 15%.
Although
MOEA surveys showed that exporters across the board were less optimistic for Nov. for an increase in orders, a comparatively higher number of electronics and
IT product exporters indicated that they expect increased orders.
With high demand for computer memory and consumer electronics, electronics comprised the highest number of orders, growing by 9.77%, or
USD 560 million. Thanks to demand for both PC and notebook computers,
IT and telecommunications products were the second largest contributor to export orders, growing by 10.25%, or
USD 540 million. The basic metal industries grew by 20.62%, or
USD 390 million, on rising global demand for steel goods.
The US was once again the largest export destination, with orders totaling
USD 7.18 billion, growing year-on-year by 10.2%. Hong Kong and Mainland China followed, totaling
USD 6.8 million, growing 22.37% -- the highest growth of all export destinations this month. Exports to Europe totaled
USD 5.3 million, growing 19.76%. Exports to Japan dipped, totaling
USD 2.71 million, but declining 7% on last year.
From Jan. to Oct. this year, export orders totaled
USD 245.7 billion, growing by
USD 38.5 billion, or 18.59%. The
MOEA also predicts that industrial output will increase by 5% this year.
(Economic Daily News, Taipei Times)
E-mail this page.
Invest in Taiwan
