Export orders grew for a 16th straight month annually to US$53.75 billion last month, the Ministry of Economic Affairs reported yesterday.
The figure was up 2.8 percent from May and 31.1 percent from a year earlier, it added.
Despite the COVID-19 pandemic, robust global demand for tech products and high commodity prices made last month’s orders the strongest June level on record, Department of Statistics Director Huang Yu-ling (黃于玲) told a news conference in Taipei.
For the second quarter, export orders reached US$160.96 billion, up 8 percent from the first quarter and 35.9 percent from a year earlier. That brought orders for the first half of the year to US$309.92 billion, an annual increase of 39.2 percent, the highest for the same period on record, the ministry said.
“The stay-at-home economy has not abated,” Huang said. “The demand for laptops, graphic cards and storage devices remains strong.”
Orders for information and communications technology products grew 6.9 percent year-on-year to US$13.89 billion last month, and those for electronics items increased 36.5 percent to US$16.79 billion, bolstered by demand for 5G and high-performance computing applications, the ministry said.
Orders for optical products expanded 42.7 percent year-on-year to US$2.74 billion last month, driven by demand from China and Hong Kong, it said.
Taiwanese exporters also benefited from the US and EU infrastructure projects, as base metal orders surged 81.8 percent to US$3.32 billion and orders for mechanical products advanced 40 percent to US$2.26 billion, the ministry said.
Orders for plastics and petrochemicals rose 57.5 percent to US$2.6 billion last month, thanks to rising oil prices and increasing demand, while chemical product orders expanded 43.2 percent to US$1.87 billion, it said.
The US was again the biggest source of export orders, which rose 7.8 percent month-on-month and 24 percent year-on-year to US$16.48 billion, it said.
China followed at US$14.43 billion, up 1.5 percent month-on-month and 36.7 percent year-on-year, and the EU came in third with orders of US$9.28 billion, down 2.5 percent month-on-month, but up 24.3 percent year-on-year.
While the pandemic remains an uncertainty, the steady increase in global vaccinations and a pickup in basic infrastructure projects lend confidence to a recovery, Huang said.
“The pace of global economic recovery is picking up, and we are entering into the second half of the year, the strong season for consumer electronic products,” Huang said. “We can expect export orders to stay strong.”
A recent survey of Taiwanese businesses showed that 20.5 percent expect fewer orders for this month, 19.5 percent expect more orders and 60.1 percent expect orders to be flat, the ministry said.
The ministry forecast export orders for this month of US$52.7 billion to US$54.2 billion, down 1.9 percent to 0.9 percent month-on-month, but up 15.7 to 18.9 percent year-on-year.
Facebook Inc on Wednesday reported its profit doubled in the second quarter as digital advertising surged, but warned of cooler growth in the months ahead in an update that sent its shares sinking. Profit rose to US$10.4 billion on revenue of US$29 billion, a 56 percent increase from last year, mainly from an increase in ad revenue, Facebook said. The number of people using the social network monthly climbed to 2.9 billion, a year-on-year gain of 7 percent, while about 3.5 billion people used at least one of the company’s apps, including Instagram, WhatsApp and Messenger. “We had a strong quarter, as we
FURTHER TAX MEASURES NEEDED? Corporate owners accounted for almost 30 percent of empty houses, many of which are held by firms that own 10 or more properties The number of unoccupied houses nationwide totaled 876,000 units last year, or 11.94 percent of all houses, the Ministry of the Interior said in a report issued on Thursday. Almost 30 percent of empty houses were owned by companies, suggesting that many corporate property owners engage in house hoarding, the ministry said. Excluding developers and builders, companies still owned 20 percent of empty houses, it said. The report is based on housing units’ electricity use and considers properties that use less than 60 kilowatt-hours per month as unoccupied. The study contradicts Ministry of Finance reports saying that house hoarding subsided and there is no
The Investment Commission has approved a plan by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, to expand production at its plant in Nanjing, China. The plan was approved because the investment would come from the chipmaker’s earnings from the Nanjing plant and would not have an impact on its paid-in capital, the commission said. In addition, TSMC has pledged to invest NT$600 billion (US$21.43 billion) to NT$650 billion in Taiwan to create more jobs over the next three years, and has made efforts to protect intellectual property to prevent confidential business information from being leaked, it said. The
‘No SUPPLY BOTTLENECK’: Shipments would proceed as planned from the facility, which produces processors for a new line of iPhones to be launched next month Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) shipments would not be affected by the contamination of gas used in the manufacturing process at one of its key plants in Tainan, the firm said yesterday. While some TSMC production lines in Tainan’s Southern Taiwan Science Park received gas supplies that were found to be substandard, the chipmaker continued production using gas from other sources, the company said. Local media reported that the contamination was discovered at the world’s largest contract chipmaker’s Fab 18 on Thursday night and that production would be affected during four days of cleanup work. While not confirming that the contamination