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Taiwan export orders up 22 percent in February

2017/03/20 18:36:22

(CNA file photo)

Taipei, March 20 (CNA) Taiwan's export orders rose 22 percent in February from a year earlier, reaching US$33.75 billion and marking the seventh consecutive month of positive growth, the Ministry of Economic Affairs said Monday.

This was also the first double-digit growth since October 2014, the ministry said.

Taiwan's export orders began to see an increase in August 2016, breaking a 16-month slide.

As the price of raw materials has rebounded, export orders for traditional items has grown steadily, contributing to the double-digit figures.

February is traditionally a low season for information, communications and electronics products, but thanks to the popularity of product upgrades and the rapid rise of smart technologies such as the Internet of Things, virtual reality and robots, export orders in February showed robust growth.

(By Huang Ya-chuan and Lilian Wu)