Export orders last month rose to a third consecutive monthly record of US$24.61 billion from US$23.78 billion in September, the Ministry of Economic Affairs said yesterday.
The figure for last month represents a 21.56 percent increase year-on-year, compared with an 21.96 percent rise in September, the ministry said in a statement.
In the first 10 months of the year, export orders, indicative of actual shipments in one to three months, totaled US$207.20 billion, up 18.03 percent, it added.
"Demand for consumer electronics picked up," said Lucas Lee, an economist at Barits International Securities in Taipei.
Overseas purchases of Taiwan's electronics products, including microchips, rose 28.23 percent to US$5.71 billion last month after climbing 25 percent the previous month, the ministry's statement showed. Those of information technology and communications equipment increased 25.13 percent to US$5.25 billion.
"With the continuing strong momentum in orders for electronics and information-technology products, export orders for the full year are expected to maintain strong growth," Chang Yaw-tzong (
The ministry's statement also showed industrial production grew at the fastest pace in more than a year. Growth in industrial output accelerated to 9.3 percent from a revised 6.9 percent.
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