January-February export orders up 1.1% annually


CNA

TAIPEI–Taiwan’s export orders rose 1.1 percent year-on-year in the first two months of 2013 to a record US$66.1 billion, according to government data released yesterday.

The increase was attributed partly to a 5.3-percent growth in orders for information and communication devices, the Ministry of Economic Affairs said.

Orders for such devices in the first two months of the year totaled US$16.4 billion, thanks to stronger demand for smartphones and tablet computers, the ministry said.

In the January-February period, orders for machinery showed a 5.6-percent growth, driven by bulk orders from China and the Philippines, the ministry said.

The overall total of US$66.1 billion was the highest in Taiwan’s recorded history for the first two months of the year.

By month, however, export orders in February were down 14.5 percent annually to US$29 billion, the lowest in two years.

The ministry attributed the plunge to the fact that there were fewer working days in the month because of the nine-day Chinese New Year holiday.