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April 30, 2017

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Taiwan's export orders up 8.9 percent in April

TAIPEI--Taiwan's export orders in April rose 8.9 percent year-on-year— the third successive monthly rise — thanks to robust demand for chips used in smartphones and other mobile devices, the government said Tuesday.

Export orders totalled US$38.87 billion, up US$3.2 billion year-on-year or a rise of US$930 million over the previous month, the economics ministry said in a statement.

Export orders — those filed to manufacturers one or two months ahead of delivery — are a key indicator for the island's export-reliant economy.

Orders for electronics items increased 16.6 percent year-on-year buoyed by strong demand for mobile devices that spurred the growth in the semiconductor sector, the ministry said.

Export orders from the Chinese mainland and Hong Kong, the island's leading overseas market, were worth US$10.2 billion, a rise of 3.9 percent year-on-year, it said.

Those from the United States gained 3.9 percent to US$10.2 billion while those from Japan surged 30 percent over a year earlier.

Taiwan's economy grew a slightly better-than-expected 3.04 percent year-on-year in the three months to March, preliminary data showed, due to rising exports and domestic spending.

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