July 17, 2007
The Ministry of Economic Affairs (
MOEA) is projecting double-digit, year-on-year growth in the first half of 2007. Export orders for the first six months of the year are expected to grow by a least 10%, said Huang Ji-shih, director of the
MOEA statistics department.
Export orders in Taiwan in May hit their second highest mark ever in a single month, totaling
USD 27.53 billion, a year-on-year increase of 11.92%. Export orders from January to May totaled
USD 130.87 billion, a 12.255 year-on-year increase.
As notebook computers continue to be in demand by major manufacturers, electronics,
IT and telecommunications products were once again the driving force behind exports, increasing by 27.62%, or
USD 1.23 billion. Precision instruments also showed notable growth due to demand for flat panel screens, growing 31.44%, or
NTD 550 million.
Hong Kong and Mainland China placed the most orders, which totaled
USD 7.45 billion, growing 16.67% year-on-year. The US placed the second highest number of export orders, which totaled
USD 6.8 billion in May, growing 10.85% year-on-year.
22.67% of manufacturers surveyed by the
MOEA expect export orders to increase in June over May, while 24.77% expect a decrease and 52.56% expect no change.
Although international oil prices are rising and China has implemented unfavorable macroeconomic adjustments, global trade volume continues to grow, and demand is strong in emerging markets, said Huang.
Taiwan also faired well from electronics orders as a result of Computex 2007, said Huang, adding that export orders in June are expected to grow, but at a slightly slower pace.
(Central News Agency)
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