Wed, Dec 24, 2003 - Page 10 News List

Export orders rise 13 percent over last year's level

AFP , TAIPEI

Export orders last month rose 13.14 percent from a year earlier to US$15.18 billion, supported by strong demand in China and a recovery in Europe, US and Japan, the Ministry of Economic Affairs said.

The figure, however, was down from the record-high US$16.14 billion registered in October, which represented a year-on-year rise of 19.94 percent, the ministry said.

Export orders -- indicative of shipments in one to three months -- in the 11 months to November amounted to US$154.31 billion, up 11.89 percent from the same period a year earlier, it added.

"There is a good chance of export orders reporting another double-digit growth [figure] in December," the ministry's statistics department director-general Chang Yaw-tzong (張耀宗) said.

"The month-on-month decline in November export orders was not unusual as September and October tend to see the most robust performance, thanks to US contracts ahead of Christmas," Chang said.

"Further year-on-year growth in December looks likely thanks to the Chinese market playing an increasingly important role in relation to Lunar New Year [in January] spending."

The ministry also attributed the growth to increases in overseas demand for electronics and information and communications products ahead of the Christmas holidays and a recovery in the semiconductor industry.

Export orders from Hong Kong rose 18 percent to US$3.4 billion in November, the ministry said.

Orders from the US, Taiwan's second-biggest export market, rose 8.8 percent last month to US$4.2 billion, while orders from Europe increased 12 percent to US$2.6 billion and those from Japan rose 18 percent to US$1.6 billion.

Overseas orders for electronics goods rose 21 percent last month to US$3.2 billion and those for telecommunications equipment increased 16 percent to US$3.4 billion.

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