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.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, has decided to slow down its 3-nanometer chip production as Intel Corp, one of its major customers, plans to push back the launch of its new Meteor Lake tGPU chipsets to the end of next year, market researcher TrendForce Corp (集邦科技) said yesterday. That means Intel has canceled almost all of the 3-nanometer capacity booked for next year, with only a small amount of wafer input remaining for engineering verification, the Taipei-based researcher said in a report. Based on Intel’s original schedule, TSMC was to start producing the new chipsets in
Aptera Motors Inc cofounder Chris Anthony, left, and Formosa AdvEnergy Technology Corp chairwoman Sandy Wang pose for a photograph next to an Aptera three-wheeled solar electric vehicle at a news conference in Taipei yesterday. Formosa AdvEnergy yesterday signed an agreement to supply batteries for Aptera Motors’ solar electric vehicles. Formosa Smart Energy Tech Corp, another unit of Formosa Plastics Group, will also jointly develop a new generation of lithium iron phosphate batteries with Aptera Motors, the companies said.
INDUSTRY CLUSTER: The company was invited to a groundbreaking ceremony for an industrial park in the city, where officials hope to establish a semiconductor hub Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that the construction of a planned 12-inch wafer plant in Kaohsiung would start later this year. The chipmaker’s comments came after the Kaohsiung City Government invited the company to attend a groundbreaking ceremony on Sunday at the Nanzih Technology Industrial Park (楠梓科技產業園區), where the new plant is to be built. The park would sit on the former site of a naphtha cracking plant owned by state-owned oil refiner CPC Corp, Taiwan (台灣中油). Kaohsiung Mayor Chen Chi-mai (陳其邁) yesterday did not confirm whether work on the Nanzih industrial park would begin on Sunday, but said it
‘NO NEED TO WORRY’: The central bank governor said foreign selling on the TAIEX is normal for this time of year and that the nation has ample forex reserves Taiwan would emerge unscathed from China’s retaliatory actions to protest US House of Representatives Speaker Nancy Pelosi’s visit to Taipei, top monetary and financial officials said yesterday. Central bank Governor Yang Chin-long (楊金龍) shrugged off unease over potential instability in the foreign exchange and stock markets after foreign portfolio funds trimmed their holdings of local shares for two straight days amid Beijing’s threats of retaliation. “There is no need to worry,” Yang said on the sidelines of an event to celebrate the first anniversary of the opening of Central American Bank for Economic Integration’s (CABEI) Taipei office and the 30th anniversary of