Taiwan’s export orders up for 14th straight month

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Data released by the Ministry of Economic Affairs (MOEA) shows that Taiwan reported Friday that its export orders grew year-on-year for the 14th consecutive month in September. (NOWnews file photo)

TAIPEI (CNA) – Taiwan reported Friday that its export orders grew year-on-year for the 14th consecutive month in September at a time when global demand remained solid on the back of economic recovery.

Data released by the Ministry of Economic Affairs (MOEA) shows that Taiwanese exporters received US$45.92 billion in orders in September, the highest-ever monthly level, up 6.9 percent from a year earlier, marking the 14th straight month for year-on-year growth after a 7.5 percent increase in August.

In the third quarter, Taiwan’s export orders totaled US$125.42 billion, the highest quarterly level, up 11.2 percent from the second quarter and up 8.2 percent from a year earlier, the MOEA said.

In the first nine months of this year, Taiwan received US$349.04 billion in orders, up 10.1 percent from a year earlier, the MOEA added.

Export orders in Taiwan-made information/communications devices reached a record high of US$14.67 billion for September, up 0.3 percent from a year earlier and up 39.2 percent from a year earlier, in reflection of the launch of new gadgets by international brands, such as handheld devices, notebook computers and servers, the MOEA said.

In September, orders taken by Taiwanese electronics component exporters also hit a new high of US$11.73 billion, up 1.2 percent from a year earlier and up 11.1 percent from a month earlier, the MOEA noted.

The increase in electronics component export orders largely resulted from strong demand for semiconductors and integrated circuit packaging and testing services, the MOEA added.

Export orders in optoelectronics equipment for September rose 6.7 percent from a year earlier to US$2.31 billion, at a time of stabilizing flat panel prices, while export orders in base metals also gained 16.5 percent year-on-year to US$2.35 billion, on a recovery in steel prices worldwide, according to the ministry.

Export orders for machinery also gained 12.3 percent from a year earlier to US$1.83 billion in September, as demand for smart machinery and automation equipment was on the rise, in particular from China and Hong Kong, the ministry said. The MOEA said export orders in plastics/rubber items and chemical products rose 28.6 percent and 23.3 percent, respectively, from a year earlier to US$1.99 billion and US$1.81 billion, on the back of increasing product prices.

Last month, the United States placed US$13.19 billion in orders, the highest-ever level it had placed with Taiwan, up 2.2 percent from a year earlier, the MOEA said.

Export orders from China and Hong Kong rose 14.6 percent from a year earlier to US$11.15 billion, and orders placed by European buyers totaled US$9.73 billion, up 2.9 percent from a year earlier, the MOEA added.

Orders placed by the Association of Southeast Asian Nations bloc for September bucked the upturn, falling 1.6 percent from a year earlier to US$4.3 billion, while orders from Japan rose 26.6 percent year-on-year to US$2.98 billion, according to the MOEA. 

By Liao Yu-yang and Frances Huang