Export orders post new record

SOLID DEMAND: New smartphone launches by major brands and robust demand for ICT products drove orders to a new high last month, the economics ministry said

Taipei Times
Date: Nov 21, 2020
By: Angelica Oung / Staff reporter

A cargo ship, fully loaded with containers, is pictured yesterday at a port in Taiwan.
Photo: CNA

Export orders hit a new record of US$51.6 billion last month, growing for an eighth straight month on an annual basis, bolstered by strong demand for smartphones, game consoles and 5G-related applications, the Ministry of Economic Affairs said yesterday.

The figure represented a monthly expansion of 3.1 percent from US$50.03 billion and 9.1 percent from US$47.28 billion a year earlier.

Export orders have continued to trend up this month, likely reaching US$51 billion to US$52.5 billion, the ministry said.

That would represent an annual growth of 14.53 to 17.89 percent from US$44.53 billion in November last year.    [FULL  STORY]

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