Export orders up for 3rd consecutive month in October

Export orders received by companies in Taiwan rose year-on-year for the third consecutive month in October on solid global demand for handheld devices, according to data released by the Ministry of Economic Affairs (MOEA) on Monday.

Orders received from abroad by companies in Taiwan totaled US$42.68 billion in October, up 0.3 percent from a year earlier after a 3.9 percent year-on-year increase in September, according to MOEA statistics.

The October figure, however, was down 0.7 percent from a month earlier, the data showed.

It also fell short of an earlier MOEA forecast that ranged between US$43.5 billion and US$44.5 billion as high-end notebook computer brands faced a product transition period, the ministry said.

Orders for information/communications devices such as smartphones, notebook computers and tablet computers rose 0.9 percent from a year earlier to US$14.45 billion in October while orders for electronic components, such as semiconductors, rose 5.6 percent from a year earlier to US$11.45 billion.

Orders for precision devices, including flat panels, fell 2.5 percent from a year earlier to US$2.12 billion, as a recovery in flat screen prices helped to offset a decline in export orders taken by the precision device industry, MOEA data showed.

The MOEA said export orders for base metals rose 4.1 percent from a year earlier to US$2.10 billion on the back of a price hike in raw materials, including steel, while export orders for plastics and rubber products fell 3.3 percent to US$1.68 billion.

Chemical product orders fell 18.2 percent from a year earlier to US$1.5 billion, while machinery orders rose 3.1 percent year-on-year to US$1.67 billion, the MOEA added.

According to the data, export orders placed by Taiwan’s major buyers for October generally trended higher from a year earlier.

Orders from China and Hong Kong rose 7.4 percent year-on-year to US$9.57 billion in October, while orders from six countries of the Association of Southeast Asian Nations — Singapore, Malaysia, Thailand, the Philippines, Indonesia and Vietnam — grew 7.3 percent to US$4.72 billion.

Orders from Europe gained 1.8 percent to US$9.49 billion but orders from the United States fell 1.3 percent from a year earlier to US$12.95 billion, and orders from Japan dropped 13.1 percent to US$2.24 billion.

Source: Focus Taiwan News Channel

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