Sat, Jul 24, 2004 - Page 10 News List

June export orders rose 28% over 2003


A steady global economic recovery pushed export orders last month up 28.01 percent year-on-year to US$17.7 billion, the Ministry of Eco-nomic Affairs said yesterday.

The figure, representing a 2.6 percent rise over May, was the second highest monthly outcome after the US$18.03 billion in April, the ministry said in a statement. Steady global growth has stimulated demand, especially for electronics and microchips, it added.

Overseas orders for electronic goods rose 46 percent to US$3.9 billion and those for telecommunications equipment increased 19 percent to US$3.3 billion, the ministry said.

For the first six months of the year, export orders -- indicative of shipments in one to three months -- amounted to US$99.2 billion, up 26.3 percent from a year earlier.

Meanwhile, industrial output last month fell 2.52 percent over May but was up 15.69 percent year-on-year, the ministry said. Industrial output for the first six months of the year grew 14.60 percent.

Export orders from the US last month amounted to US$5.32 billion, up 35.14 percent year-on-year, with electronics products accounting for 25.36 percent, and information technology and communications items 22.43 percent.

Orders from Hong Kong in the month rose 28.31 percent to US$4.07 billion. Orders from Japan advanced 15.18 percent to US$1.84 billion, while European orders were up 36.62 percent over a year ago to US$2.57 billion, the ministry said.

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