Export orders rise for 5th consecutive month

Taiwan's export orders rose 18 percent in January from a year earlier to US$37.14 billion, ministry figures showed.

The ministry said, however, that the high growth rate was due to the low baseline set in January 2012, when the number of workdays was limited by the Lunar New Year holiday.

On a month-on-month basis, January's figure was a decline of 5.7 percent from December.

The number also showed the effect of the traditionally slow first quarter for sales of high-tech goods, with orders for information technology products, electronics goods and precision instruments all down in January from a month earlier, the ministry said.

By area, January orders from China, Hong Kong, Europe and the United States all declined from December, MOEA said.

Orders from the European Union dropped by a margin of 16.3 percent month-on-month, the ministry said.

Yet orders from Southeast Asia and Japan rose last month, increasing by 2.6 percent and 1.5 percent, respectively, month-on-month.

According to the MOEA, February export orders may decline from January due to the Lunar New Year break, which lasted from Feb. 9 to 17.

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