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Export orders top US$57 billion last year

TAIPEI, Taiwan -- Taiwan exports orders hit US$57.21 billion last year, thanks in part to the strong support given to local enterprises by the Taiwan External Trade Development Council (TAITRA, 外貿協會), its chief said yesterday.

The figure is US$23 billion more than the same figure for 2011, TAITRA Chairman Wang Chih-kang (王志剛) said at the council's annual press conference.

Growing Orders from New Markets

According to TAITRA statistics, Taiwan recorded export orders to China worth US$15.3 billion, and orders of US$18.5 billion to markets of developed markets such as Europe, America and Japan.

The chairman said TAITRA looks forward to teaming with local businesses to explore new export opportunities in emerging markets, which accounted for US$23.31 billion in 2012.

Wang said that he is optimistic about Taiwan's economic prospects, adding that TAITRA aims to increase trade partnerships with countries in Latin America, China and the Middle East and at the same time maintain already close business ties with countries in the Association of Southeast Asian Nations (ASEAN).

2013 Export Growth Expected to Reach 5.5%

According to Wang, TAITRA expects Taiwan to achieve export growth in 2013 of 5.5 percent, as forecast by the Ministry of Economic Affairs.

The nation's exports grew by 10.4 percent last month from a year earlier, ending six consecutive months of year-on-year declines, according to TAITRA.

Last year saw slight increases in export orders to emerging markets, even as there were major declines recorded in orders to some major export destinations.

New Overseas TAITRA Offices

The chairman said that TAITRA will open a new office in Kuwait Jan. 18, followed by four more offices in China and one in the Indian city of Kolkata later in 2013.

In December last year the council established offices in Shanghai and Beijing, and plans to open more posts in Guangzhou, Chengdu, Qingdao and Dalian as soon as possible to meet growing market demand in China. As yet there is no timetable for these offices' opening.

The organization also plans to set up offices in Manila, Myanmar's capital Yangon and Brazilian city Porto Alegre.

The chairman concluded that to promote export order growth, TAITRA will be in charge for over 10,000 one-on-one procurement meetings and invite government procurement teams from Europe and the U.S. to visit Taiwan in order to resuscitate export order rates for developed countries.

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