Exports rose for the eighth month in a row in November as demand for electronics goods picked up in the run-up to the year-end holiday season. The gain prompted the government to raise its full-year exports growth forecast.
Exports gained 17.1 percent from a year earlier to US$11.9 billion, a Ministry of Finance report showed.
Ministry statistics director Hsu Kuo-Chung (
"Japanese companies are outsourcing more orders and Christmas demand is boosting sales," said Jack Hsieh (謝祖葳), vice president of finance at Premier Image Technology, Taiwan's biggest maker of compact cameras. Sales last month rose 54 percent from a year earlier.
Last month the government raised its full-year economic growth forecast for this year to 3.3 percent from a previous projection of 3.1 percent, as an export-led recovery helps the nation emerge from last year's worst recession on record.
Taiwan Semiconductor Manufacturing last month raised its fourth-quarter shipments forecast, citing a revival in demand for computers and cellphones ahead of Christmas. The company, which makes chips for companies such as Intel and Motorola, said yesterday that last month's sales rose 31 percent from a year ago.
Exports are also getting a lift from the government's move to ease restrictions on investment in China. Companies such as Premier Image and Inventec send parts to China for assembly into compact cameras and computers that are then shipped to the US, Japan and other markets.
Shipments to China surged 151 percent last month from a year earlier to US$1.1 billion. Shipments to Hong Kong rose 19 percent to US$2.8 billion.
Exports to the US rose 13 percent to US$2.4 billion. Sales to Japan rose 3.1 percent, and shipments to Europe fell 6.9 percent.
Overseas sales of electrical products such as mobile-phone components climbed 15 percent last month from a year earlier, yesterday's report showed.
Shipments of computer chips and other electronics, which make up the biggest share of the total, rose 16 percent. Sales of mobile phones and other tele-communications goods gained 6.8 percent.
NO HUMAN ERROR: After the incident, the Coast Guard Administration said it would obtain uncrewed aerial vehicles and vessels to boost its detection capacity Authorities would improve border control to prevent unlawful entry into Taiwan’s waters and safeguard national security, the Mainland Affairs Council (MAC) said yesterday after a Chinese man reached the nation’s coast on an inflatable boat, saying he “defected to freedom.” The man was found on a rubber boat when he was about to set foot on Taiwan at the estuary of Houkeng River (後坑溪) near Taiping Borough (太平) in New Taipei City’s Linkou District (林口), authorities said. The Coast Guard Administration’s (CGA) northern branch said it received a report at 6:30am yesterday morning from the New Taipei City Fire Department about a
IN BEIJING’S FAVOR: A China Coast Guard spokesperson said that the Chinese maritime police would continue to carry out law enforcement activities in waters it claims The Philippines withdrew its coast guard vessel from a South China Sea shoal that has recently been at the center of tensions with Beijing. BRP Teresa Magbanua “was compelled to return to port” from Sabina Shoal (Xianbin Shoal, 仙濱暗沙) due to bad weather, depleted supplies and the need to evacuate personnel requiring medical care, the Philippine Coast Guard (PCG) spokesman Jay Tarriela said yesterday in a post on X. The Philippine vessel “will be in tiptop shape to resume her mission” after it has been resupplied and repaired, Philippine Executive Secretary Lucas Bersamin, who heads the nation’s maritime council, said
REGIONAL STABILITY: Taipei thanked the Biden administration for authorizing its 16th sale of military goods and services to uphold Taiwan’s defense and safety The US Department of State has approved the sale of US$228 million of military goods and services to Taiwan, the US Department of Defense said on Monday. The state department “made a determination approving a possible Foreign Military Sale” to the Taipei Economic and Cultural Representative Office in the US for “return, repair and reshipment of spare parts and related equipment,” the defense department’s Defense Security Cooperation Agency said in a news release. Taiwan had requested the purchase of items and services which include the “return, repair and reshipment of classified and unclassified spare parts for aircraft and related equipment; US Government
More than 500 people on Saturday marched in New York in support of Taiwan’s entry to the UN, significantly more people than previous years. The march, coinciding with the ongoing 79th session of the UN General Assembly, comes close on the heels of growing international discourse regarding the meaning of UN Resolution 2758. Resolution 2758, adopted by the UN General Assembly in 1971, recognizes the People’s Republic of China (PRC) as the “only lawful representative of China.” It resulted in the Republic of China (ROC) losing its seat at the UN to the PRC. Taiwan has since been excluded from