News
May export orders up 34.5%
By ECCT staff writers
The value of export orders placed by foreign companies with Taiwanese businesses in May rose by 34.5% year-on-year to reach NT$52.29 billion, the highest level on record for the month. According to a report by the Ministry of Economic Affairs (MOEA) it was the 15th consecutive month of rising exports.
According to the report, the largest share of export orders were for electronics products, the value of which rose 40.3% year-on-year to US$15.81 billion, while orders for information/telecommunication products grew 4.2% on an annual basis to reach US$13.57 billion.
Broken down by region, the United States, Mainland China/Hong Kong, Europe and the Association of Southeast Asian Nations (ASEAN) were the top four buyers. The US placed orders worth US$15.29 billion, ahead of Mainland China and Hong Kong's US$14.22 billion, Europe's US$9.52 billion and the ASEAN's US$5.14 billion.
For the first five months of the year, export orders have risen 41% to US$256.19 billion compared to the same period last year.
