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Growth trend bounces back with March export orders

2018/04/20 18:35:28

Taipei, April 20 (CNA) Taiwan reported positive growth in export orders for March, after lackluster figures the previous month broke an 18-month growth streak, according to data published by the Ministry of Economic Affair's Department of Statistics on Friday.

The department found that export orders for March totaled US$42.38 billion, which not only represents 3.1 percent year-on-year growth but a new record high for March.

The uptick in orders, 30.6 percent more than February, was primarily prompted by relatively more working days in March due to the Lunar New Year holiday taking place in February, but also high demand for applied products with high-performance computing technology, cloud services, internet of things (IoT) and automotive IoT.

With the figures from March, first quarter export orders totaled US$117.9 billion, a new high for the first quarter, which is generally a low-performing season.

(By Kuan-lin Liu and Liao Yu-yang)