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Taiwan's 2017 export orders hit new high

2018/01/22 18:11:55

Taipei, Jan. 22 (CNA) Taiwan's export orders in 2017 hit a new high after orders received by Taiwan-based companies in December posted year-on-year gains for the 17th consecutive month, the Ministry of Economic Affairs (MOEA) said Monday.

Riding the wave of solid global demand, Taiwan's export orders totaled US$492.81 billion in 2017, smashing the previous record of US$472.81 billion set in 2014, the MOEA said.

The 2017 figure was also up US$48.27 billion, or 10.9 percent, from a year earlier, data compiled by the ministry showed.

In December alone, orders received by Taiwanese exporters rose 17.5 percent from a year earlier to US$48.47 billion, according to the data.

On a month-on-month basis, Taiwan's export orders for December fell 0.4 percent, but were said to rise 3.3 percent after seasonal adjustments, the data showed.

(By Liao Yu-yang and Frances Huang)