Taiwan export orders up 22 percent (update)

2017/03/20 18:47:22 fontsize-small fontsize-default fontsize-big
(CNA file photo)

(CNA file photo)

Taipei, March 20 (CNA) Taiwan's export orders rose 22 percent in February from a year earlier to US$33.75 billion on the back of strong demand for notebook computers and large-size LCD panels, the Ministry of Economic Affairs (MOEA) said Monday.

The figures represented an increase of US$6.08 billion from the same month last year, according to Lin Li-chen (林麗貞), director of the MOEA's Department of Statistics.

Lin said that the robust growth in export orders was driven by strong demand due to the global economic rebound, rising raw material prices and the low comparison base, with the Chinese New Year holiday falling in February last year.

Seven major sectors all showed double-digit growth in February, Lin said.

Precision instruments benefited from the strong demand for large-size LCD panels, with an annual increase of 55.1 percent, while the plastics/rubber sector recorded year-on-year growth of 38.8 percent.

Information and communications sector orders increased 23.9 percent year-on-year due to better-than-expected demand, while metal, machinery, electronics and chemical sectors recorded year-on-year growth of 34.3 percent, 20.1 percent, 15.4 percent and 14.3 percent, respectively.

In terms of export markets, orders from the United States, Japan and China increased by 21 percent, 40 percent and 23 percent, respectively.

(By Huang Ya-chuan and Lilian Wu)

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