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Taiwan's export orders hit new highs in Dec.: MOEA

TAIPEI, Taiwan -- Taiwan's export orders in December 2013 reached US$42.31 billion, which was the highest single-month record, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday.

Export orders in December last year grew 7.4 percent year-on-year, while export orders have seen growth for six consecutive months.

Taiwan's export order for the whole year in 2013 totaled US$442.93 billion, which was also a record high, the ministry said. The country's export orders in the fourth quarter of last year totaled US$122.95 billion, reaching a new record as well.

Order Records for ICT and Electronics Products

Export orders for information and communication (ICT) products totaled US$12.01 billion in December, which was also a single-month record and represented a 13.5-percent growth year-on-year. Orders for ICT products totaled US$116.19 billion in 2013, which was also a new record and represented a 5.1-percent growth year-on-year. New handheld devices rolled out by major brands contributed to the growth, MOEA Statistics Department Director Lin Lee-jen (林麗貞) said.

Export orders for electronics products in December were pegged at US$10.41 billion, which also made a new single-month record and represented a 14.7-percent growth year-on-year. Lin said that increased demand for handheld devices and electronics consumer products contributed to the growth. Orders for the product line totaled US$106.01 billion in 2013, which was also a record high.

Export orders for precision instruments totaled US$2.92 billion in December, a 7.4-percent decline year-on-year. Orders have declined for four consecutive months; however, the scale of the decline has reduced, Lin said. The MOEA said that lessening demand and price drops in panels from mainland China caused the decline in the industry.

In regard to other product lines, orders for base metal products, chemical products, plastic products and machinery products totaled US$2.52 billion, US$2.19 billion, US$2.08 billion and US$1.79 billion, representing 1.8 percent, 2.2 percent, 1.7 percent and -0.1-percent growth, respectively.

High Export Orders Around the World

Annual orders from the U.S., Europe, mainland China and Hong Kong as well as ASEAN-6 countries in 2013 all hit new records, the MOEA said.

Orders placed by the U.S. totaled US$10.63 billion in December, which was the second highest single-month record and represented 6.5-percent growth year-on-year.

Orders placed by Europe totaled US$9.51 billion in December, which was a new single-month record and represented 11-percent growth year-on-year. Orders placed by Europe have seen growth for five consecutive months. It is a sign that the European economy is on track for recovery, and sales in handheld devices contributed to the growth, the MOEA said.

Orders placed by mainland China and Hong Kong totaled US$10.14 billion, which was the third highest single-month record and represented a 6.9-percent growth year-on-year.

Orders placed by ASEAN-6 countries (Indonesia, Malaysia, the Philippines, Thailand, Singapore and Vietnam) totaled US$4.31 billion, which was the second highest single-month record and represented a 4.8-percent growth year-on-year.

Orders placed by Japan totaled US$3.38 billion and represented a 9.3-percent growth year-on-year.

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