December export orders fall 23.2%
By ECCT staff writers
Taiwan’s export orders came in at US$52.2 billion in December 2022, a decrease of 23.2% compared with the same month in 2021 as orders for all types of products fell. According to a report from the Ministry of Economic affairs, orders for the largest items by amount, electronics (US$17.124 billion) and ICT products (US$16.432 billion), dropped by 20.9% and 24.1%, year-on-year respectively.
Broken down by country, orders from China (including Hong Kong) fell by the largest percentage (-37.7%), followed by orders from Europe (-23.9%) and ASEAN countries (-22.4%) in December. For the full year 2022, export orders fell by 1.1% as the sharp drop in orders from China and Hong Kong (-17% year-on-year) were partially offset by an annual increase in orders from the United States (+4.5%) and ASEAN countries (+15.7%) while orders from Europe declined by just 0.1%.