March export orders hit new record
By ECCT staff writers
Taiwan’s export orders for the month of March set a new record of US$56.3 billion, 33.3% higher than the same month in 2020, according to a report by the Ministry of Economic Affairs (MOEA). For the first quarter of 2021, export orders increased by 42.9% year-on-year to just under US$149 billion. However, the rise in US dollar terms was affected by currency fluctuations since, when measured in NT dollar terms, orders rose 25.2% year-on-year in March and by 34.6% for the full quarter.
With the exception of mineral products, every subsector monitored by the MOEA saw an increase in orders with the highest rises seen in the Optical, Photographic, Cinematographic Apparatus category (a rise of 53.5% in US dollar terms), followed by transport equipment (53.1%). However, in terms of pure dollar amounts, orders for electronic products (which rose by 46.4% for the full quarter) and Information & Communication Products (up by 48.5%) dwarfed the orders of other sub-sectors, amounting to US$46.2 billion and US$40.5 billion, respectively for the January-March period.