Taiwan鈥檚 September export orders up
Print Edition
Taiwan’s export orders in September grew 2 percent year on year, the third monthly rise in succession, on strong European and US demand for smartphones, the island’s authorities said yesterday.
Export orders, which are filed to manufacturers one or two months ahead of delivery, are a key sign for the island’s export-reliant economy.
The September figure came in at US$38.4 billion, following a 0.5 percent rise in July and August.
Orders for handheld and related devices grew 16.2 percent from a year earlier to US$11 billion due to the launch of new products. Such orders from Europe jumped 29.4 percent from a year earlier and those from the United States rose 21.4 percent, the ministry said in a statement.
The increasing orders for smartphones also boosted demand for semiconductors.
A large segment of the smartphone orders went to Hon Hai Precision, the world’s largest computer components manufacturer which assembles products for Apple, including the iPhone, as well as for Sony and Nokia.
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