Rise in Taiwan’s exports ends 5 months of decline
Print Edition
Taiwan’s export orders rose slightly in July, ending five successive monthly drops, on improving demand from major markets including the United States and the Chinese mainland, authorities said yesterday.
Export orders — orders filed to manufacturers one or two months ahead — are a key measure for the island’s export-reliant economy.
The July figure was US$36.11 billion, up 0.5 percent year on year and up 2.9 percent from the previous month, the island said.
Orders from the Association of Southeast Asian Nations economies rose 3.7 percent year on year, while those from the US and the mainland were also up 2.8 percent and 2 percent, respectively, from a year ago.
Orders for the island’s electronics items added 2.8 percent from last month or 0.3 percent from a year ago, as demand picked up on the mainland and the US for semiconductor and other chips.
Orders for chemical and telecom products also rose 8.3 percent and 2.7 percent year on year, respectively.
Taiwan’s economy grew 1.3 percent in 2012, its slowest pace in three years, and has shown signs of weakness in recent months due to slowing demand from its key markets.
The island last week revised its expectations for 2013 full-year economic growth downwards to 2.31 percent.
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