Taiwan’s export orders expected to hit high in 2017: MOEA – 22 Jul 2017

  • Riding the waves of solid global demand at a time when the world’s economy is on the path to recovery, Taiwan’s export orders for 2017 are expected to hit a new high, according to the Ministry of Economic Affairs (MOEA).
  • Lin Li-chen, director of the MOEA’s Department of Statistics, said that after a strong showing in 1H17, Taiwan’s export order growth momentum is expected to continue into 2H17, a traditional peak season for the high tech industry.
  • Lin said that a new high for export orders in 2017 is “something for sure”, adding that it is possible for 2017’s figure to top the record of USD472.81bn in 2014.
  • In 1H17, Taiwan’s export orders totalled USD223.63bn, up 11.2% y/y after the country’s export orders for Jun 17 posted an increase for the 11th consecutive month, the MOEA data showed.
  • Growth of exports in 1H17 was the highest level for the same period of a year in the past 17 years, the data indicated.
  • In Jun 17 alone, Taiwan’s export orders totalled USD40.35bn, up 13% y/y, the highest growth since Feb 17, when the increase hit 22%, as major sectors recorded double-digit growth.

External Link : http://focustaiwan.tw/news/aeco/201707220005.aspx