March export orders reach NT$37.94 bil., up 5.9 percent y-o-y


By John Liu, The China Post

TAIPEI, Taiwan — Taiwan’s export orders reached NT$37.94 billion in March, up 5.9 percent compared with a year ago, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday. Export orders totaled NT$104.76 billion in the first quarter, up 2.7 percent year-on-year. Except for precision instruments, orders went up across product lines.

Thanks to higher demand for mobile devices, orders placed for related assembly and contract manufacturing grew, resulting in an 8.6-percent year-on-year growth for information and communication technology (ICT) products. As demand for mobile devices grew, orders for foundry and DRAM related work also grew, resulting in a 10.1-percent order increase for electronics products. Orders for precision instruments dropped 3.6 percent in March, which marked the 11th consecutive month of decline. Nevertheless, due to higher demand for TV and computer panels, the degree of decline has gone down, the MOEA Statistics Department pointed out. Orders for non-tech products also grew in March, as the global economy recovers gradually and local businesses expand into new markets, the MOEA said. Thanks to higher demand for stainless steel, orders for base metal products grew 6.2 percent. Higher demand from mainland China resulted in a 5.3-percent growth for plastic products. Higher prices contributed to a 2-percent growth for chemical products. Higher demand from Europe, Southeast Asia and Japan resulted in a 2.6-percent growth for machinery orders.