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.
Taiwan's rigid localisation requirements risk raising costs and slowing development, while belying real opportunities for Taiwanese champions in the global market.
By Tim Ferry
Export orders received by Taiwanese companies in January fell 19.3% to US$47.51 billion in January compared to the same month in 2022.
Taiwan's export orders came in at US$60.9 billion in September 2022, representing a decline of 3.1% compared with the same month in 2021.
The Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan's economic growth for 2021 to 5.84%, bringing it more or less in line with the forecast of the Directorate General of Budget Accounting and Statistics, which last raised its forecast to 5.88% on 13 August
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.
Taiwan's export value in May 2021 was US$37.41 billion, an increase of 38.6% compared to May 2020, according to a summary of trade statistics released by the Bureau of Foreign Trade under the Ministry of Economic Affairs.
Deputy Economics Minister CC Chen says Taiwan's investments in the countries under the "New Southbound Policy" have surpassed investments in China in the first half of this year.
Taiwan's total exports contracted 0.5% year on year to US$39.93 billion in October (compared to the same month in 2021) while imports rose by 8.2% from a year earlier to US$36.95 billion.
The Ministry of Finance has reported that Taiwan's exports in October rose by 11.2% year-on-year to reach US$32.2 billion.
Taiwan's exports in the month of April shrank 1.3% year-on-year to US$25.24 billion, according to the Ministry of Finance (MOF).
Taiwan's total exports in March rose by 21.3% year-on-year to US$43.50 billion while imports rose by 20.3% from a year earlier to US$38.85 billion
Taiwan's exports in August expanded by 2% year-on-year to US$40.34 billion while total imports rose by 3.5% from a year earlier to US$37.35 billion
Taiwan's total exports for the month of July contracted 10.4% year on year to US$38.73 billion while total imports fell 20.9% from a year earlier to US$30.25 billion, according to a report from the Ministry of Finance (MOF).
Taiwan's total exports expanded 14.2% year on year to US$43.32 billion in July while total imports rose by 19.4% from a year earlier to US$38.29 billion
Taiwan's exports in February fell 17.1% from the same month in 2022 to US$31.05 billion, while imports fell 9.4% from a year earlier to US$28.7 billion, resulting in a trade surplus of US$2.35 billion, which was down 59.3% year-on-year, according to data from the Ministry of Finance (MOF).