Export orders rise in July
By ECCT staff writers
Taiwan’s export orders in July rose 6.9% compared with the same month in 2019 when measured in NT dollars. However, according to a report released by the Ministry of Economic Affairs, owing to US dollar depreciation, when measured in US dollars, export orders in July 2020 increased 12.4% to US$45.6 billion on a year-on-year basis.
Year to date, for the first seven months of the year, total export orders declined 1.6% year-on-year when measured in NT dollars but were 1.8% higher year-on-year when measured in US dollars. Export orders have held up thanks to orders for electronic products (+17.2% in US dollars) year-to-date and electrical machinery products (+1.8%), which offset declines in all other areas including chemicals (-20.2%), plastic and rubber products (-13.6%), textiles (-18.5%) and basic metals (-12.7%).