The nation’s export orders for last month beat government estimates, expanding 13 percent year-on-year to US$40.35 billion, supported by stronger-than-expected demand for notebook computers, tablets and electronics components, the Ministry of Economic Affairs said yesterday.
The result marked the 11th consecutive month of year-on-year expansion, ministry data showed.
“The monthly performance significantly exceeded the ministry’s expectation,” Department of Statistics Director-General Lin Lee-jen (林麗貞) told a news conference.
The annual growth is much higher than the ministry’s forecast of between 3 percent and 6 percent, she added.
Lin said notebook and tablet launches by international brands helped orders for information and communications technology products grow 10.9 percent in annualized terms to US$11.47 billion last month, the highest order total for June in the ministry’s books.
Orders at electronics components businesses, such as foundries, chip testers, packagers and memorychip makers, grew 12.1 percent to a record high of US$10.39 billion on increasing demand for higher-specification smartphones, Internet of Things applications and high-performance computing, Lin said.
Lin said optical products, basic metals, machinery goods, plastics and rubber products, as well as chemical goods, all logged double-digit percentage growth last month from the same period last year, thanks to a recovering global economy that drove demand in the sectors.
Orders from the US, China and Hong Kong and Europe last month grew by double-digit percentages annually and all represented historical records, ministry data showed.
The monthly performance brought cumulative export orders to US$223.63 billion in the first half of this year, up 11.2 percent from US$225.5 billion in the same period last year.
“The economy this year is stronger than last year. This is the largest year-on-year expansion since 2011,” Lin said.
The ministry is optimistic and expects growth momentum to extend through the remainder of this year, Lin said.
Many international smartphone vendors, including Apple Inc, are scheduled to release new flagship handsets in the coming months, Lin said..
Robust demand in commercial, consumer and industrial PCs, and growing orders for servers should lend support to export orders in the second half of this year, she said.
The ministry forecast export orders this month to hit between US$38 billion and US$39 billion, which translates into a year-on-year surge of between 8.5 percent and 11.3 percent, Lin said.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
BAD RAP: The exchange said Tatung had seriously breached shareholders’ rights and failed to give a satisfactory explanation of its board election dispute Tatung Co (大同) shares yesterday plunged by the maximum daily limit of 10 percent to NT$18.90, the lowest in three months, after the Taiwan Stock Exchange (TWSE) on Tuesday evening changed the company’s classification to a full-delivery stock effective tomorrow. The TWSE’s move follows the company’s failure to give a clear and satisfactory explanation of why it deprived dozens of shareholders of their voting rights during a board election at the annual shareholders’ meeting on Tuesday morning. Under the exchange’s regulations, investors are not allowed to engage in margin trading of a full-delivery stock, TWSE spokeswoman Rebecca Chen (陳麗卿) told
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in