Fri, Nov 24, 2006 - Page 11 News List

Export orders reach new record despite slower expansion

AGENCIES , TAIPEI

The nation's export orders -- indicators of coming export shipments -- hit a record high last month, but the pace of growth was the slowest in 15 months due to a high comparison base, the government said yesterday.

Export orders last month rose 10.9 percent from the same month last year to NT$894.67 billion (US$27.29 billion), the Ministry of Economic Affairs said.

Export orders in September reached NT$887.12 billion.

The year-on-year growth rate last month was the slowest since July last year, when the nation's export orders expanded 8.7 percent. In September, export orders rose 12 percent from the same month last year.

The record value of export orders was helped by strong demand from China and Europe, and strong global demand for Taiwan's electronics products and steel goods, the ministry said in a statement.

The nation's export orders are likely to grow 5 percent to 10 percent in the fourth quarter from the same period a year earlier, said Yang Kuey-hsien (楊貴顯), a senior specialist at the ministry's statistics department.

"The sum of the export orders is likely to reach close to NT$9.83 trillion for the whole year," Yang said.

In the first 10 months of the year, export orders amounted to NT$8.06 trillion, up 18.6 percent from the year-ago period.

The ministry also reported that industrial production rose 1.06 percent last month after climbing a revised 2.25 percent in September.

The ministry forecast export orders would rise about 15 percent for the full year and predicted industrial output would climb about 5 percent.

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