September export orders hit record high

10/20/2021 08:18 PM
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CNA photo Oct. 20, 2021
CNA photo Oct. 20, 2021

Taipei, Oct. 20 (CNA) The value of export orders placed by foreign companies with Taiwanese businesses in September reached US$62.9 billion, the first time US$60 billion has been exceeded this year and a historic high, the Ministry of Economic Affairs (MOEA) reported on Wednesday.

The September figure means Taiwan had seen export orders growth for 19 consecutive months, with a year-on-year increase in export orders of 25.7 percent, the MOEA said in a statement.

On a month-on-month basis, export orders received by Taiwan businesses in September rose by 17.6 percent from August, according to data released by the MOEA's Department of Statistics.

The MOEA attributed the growth in part to the rollout of new devices by several international smartphone brands and robust demand for emerging tech-enabled apps and terminal devices.

In September, export orders to Taiwan-based companies for electronic products -- the pillar of the country's exports -- reached US$19.49 billion, up 21.5 percent year-on-year.

Export orders for computer/telecommunications goods in September rose 39.1 percent year-on-year to US$19.39 billion, and orders for basic metals rose 46.5 percent on an annual basis to US$3.24 billion.

By region, the United States, Mainland China/Hong Kong, Europe and the Association of Southeast Asian Nations (ASEAN) were the top four buyers.

The U.S. placed orders worth US$19.29 billion, ahead of Mainland China and Hong Kong's US$16.01 billion, Europe's US$13.50 billion and ASEAN's US$5.35 billion, the MOEA figures showed.

In the first three quarters of 2021, export orders registered a historical high of US$481.63 billion, up 32.4 percent from a year earlier, the biggest growth since 1988, the figures showed.

Looking ahead, the MOEA said it expects the value of export orders to rise even higher in October amid the gradual global economic recovery, with the COVID-19 vaccination coverage rate continuing to pick up around the world and Europe and America entering the traditional high sales season in the fourth quarter.

Growth will mainly come from orders for electronic products, computer/telecommunications devices and optical equipment, according to the MOEA.

(By Liang Pei-chi and Evelyn Kao)

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