Export orders surge 12.4% last month

RISING TREND: Continued strong demand for electronics products due to the work-from-home trend and the easing of lockdowns overseas contributed to the growth

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

Taiwan’s export orders just had the best July ever, expanding at a faster-than-expected rate of 12.4 percent year-on-year to US$45.6 billion, the Ministry of Economic Affairs said yesterday.

That was the fifth consecutive month that export orders grew on an annual basis. On a monthly basis, they also rose 11.1 percent from US$41 billion.

Department of Statistics Director Huang Yu-ling (黃于玲) credited continued strong demand for electronic products arising from the work-from-home trend, coupled with a gradual recovery in oil and raw material prices, for the record number.

Information and communications technology products broke July records at US$14.4 billion in orders, up 11.1 percent month-on-month and 29.9 percent year-on-year, mainly thanks to COVID-19-related work-from-home demand for laptops, tablets, servers and Internet peripherals.    [FULL  STORY]

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