Taiwan export orders, industrial production grow in Feb.

April 11, 2008

Export orders and industrial production both showed notable growth in Feb., according to an announcement by the Ministry of Economic Affairs (MOEA).

Taiwan export orders in Feb. grew by 18.08% year-on-year, totaling USD 25.88 billion.

Electronics accounted for the highest amount of export orders in Feb., growing by USD 1.13 billion year-on-year, thanks to stable growth in demand for consumer electronics. Also, during the same month, backed by strong demand in the flat panel screen market, precision instruments grew by USD 950 million year-on-year.

Hong Kong and China placed the highest number of export orders in Feb., which totaled USD 6.52 billion. The US followed in second, with a total of USD 6.13 billion in orders, and posting 8.95% growth year-on-year.

Export orders during Jan. and Feb. combined totaled USD 56.19 billion, growing by 17.43% year-on-year.

Taiwan's industrial production index grew by 15.22% in Feb., but decreased in Jan. by 15.63% because of the fewer number of work days due to the lunar new year holiday.

The manufacturing sector grew by 16.21%, in Feb., marking its seventh month in a row for double-digit percentage growth. This growth has resulted from increased production by semiconductor, flat panel, wireless IT and petrochemical manufacturers, says the MOEA.

As for other sectors in Feb., water, electricity and gas production grew by 9.04% year-on-year, while mining and quarrying and housing construction each decreased by 2.28% and 2.59%, respectively.

(Central News Agency)

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