The Ministry of Foreign Affairs cautions that while the economy remains stable, it is likely to slow next year
Taiwan News
Date: 2018/11/21
By: Duncan Deaeth, Taiwan News, Staff Writer
(Image from Pexels user David Dibert)
TAIPEI (Taiwan News) – On Nov. 20, the Ministry of Economic Affairs (MOEA) announced that foreign export orders placed in the month of October reached an all-time high over previous years, totaling US$48.99 billion.
Orders from the United States, and for ICT products also reached an all-time high last month according to the Ministry.
A ministry official noted that this has been a good year for ICT products driven by demands for new iPhones. However, the official cautioned that the industry has yet to face any major impact from the U.S.-China trade war.
In October, export orders to the U.S. totaled US$14.92 billion, which equaled 9.1 percent increase month to month, and an annual increase of 8.2 percent over 2017. Other major markets for Taiwanese products in October included China and Hong Kong (US$11.4 billion) and Europe (US$10.9 billion). [FULL STORY]
