RISING DEMAND: Exports in the first 11 months of the year rose 4.2 percent year-on-year on the back of robust demand for new technology applications, an official said

Taipei Times
Date: Dec 08, 2020
By: Crystal Hsu / Staff reporter

Taiwan’s exports last month expanded 12 percent from a year earlier to US$31.99 billion, accelerating from an 11.2 percent hike in October, as local firms are seeing the biggest-ever boom in demand for technology products, the Ministry of Finance said yesterday.

The healthy showing came ahead of the holiday season, and momentum could gain further traction this month with an estimated annual increase of 7 to 9 percent, the ministry said.

“This time around, the high season might prove the strongest in history by measure of export volume [and] is bound to beat the forecast last month by the Directorate-General of Budget, Accounting and Statistics,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) told a news conference in Taipei.

In the first 11 months of this year, cumulative exports grew 4.2 percent from a year earlier to US$312.29 billion, surpassing the 3.8 percent increase the statistics agency projected for the whole of this year, Tsai said, linking the boon to insatiable demand for new technology applications, as well as remote working and schooling.    [FULL  STORY]