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July 23, 2017

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Orders outnumbering exports becoming problem: premier

TAIPEI -- The value of export orders now outnumbers the value of actual exports from Taiwan, an issue that requires serious attention, Premier Sean Chen said yesterday.

The ratio of export value to order value has dropped from 99 percent in 2000 to 70.7 percent in 2011, Chen said in a statement.

The 2011 figure indicates that almost 30 percent of the orders received in Taiwan were actually exported from other countries.

Chen said that more and more businesses are receiving their orders in Taiwan but manufacturing products and filling the orders in other countries, a phenomenon that he said is sending local jobs overseas.

He said the government is paying close attention to the issue and that the Ministry of Economic Affairs (MOEA) has launched a project to expand business opportunities in Southeast Asia in the hope of attracting manufacturers to set up production lines in Taiwan.

The Cabinet-level Council for Economic Planning and Development should also consult with related agencies and come up with incentives to attract overseas Taiwanese businessmen to return to the country for investment.

According to statistics compiled by the ministry's Department of Statistics, Taiwan received orders worth US$436.1 billion in 2011, while the value of products actually exported from Taiwan accounted for only US$308.2 billion.

In 2010, the ratio was 67.5 percent, with US$406.7 billion-worth of orders and US$274.6 billion in export value. The ratio was 63.2 percent in 2009 and 72.7 percent in 2008, according to the department.

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