Thursday September 20 2018
Taiwan Export Orders at 43676.00 USD Million
Export orders from Taiwan went up 7.1% YoY to USD 43.7 billion in August of 2018, easing from an 8% jump in July and in line with market expectations. Orders slowed mostly for electronic products (9.6% vs 9.9% in July); basic metals & articles thereof (2.2% vs 13.4%); machinery (10.7% vs 12.6%) and chemicals (10.5% vs 12.2%). In addition, orders declined for plastics & rubber (-1.5% vs 13%) and fell further for optical, photographic, cinematographic equipment (-13.3% vs -6.2%) and transport equipment (-2.4% vs -0.5%). Contrarily, exports orders rose at a faster pace for information & communication products (10% vs 5.4%) and electrical machinery products (1.8% vs 0.4%). Among major trading partners, export orders declined from the ASEAN countries (-6.6%), while increased from China & Hong Kong (7.3%); the US (14.9%); Europe (1.1%) and Japan (4.6%). Considering the January to August period, export orders grew 6.9% compared to the same period a year earlier.