The China Post
Date: December 19, 2016
By: CNA
TAIPEI — Taiwan is likely to report a year-on-year increase in export orders for a fourth consecutive month in November amid rising global demand in the run-up to the year-end holiday buying spree, the Ministry of Economic Affairs (MOEA) said Sunday.
The MOEA said higher demand for electronics gadgets and other products fueled by an improving global economy likely led to an increase in orders to Taiwan in November compared with a year earlier.
The ministry is scheduled to release the November export order figures on Dec. 20.
In October, orders received from abroad by companies in Taiwan totaled US$42.68 billion, up 0.3 percent from the previous year after a 3.9 percent year-on-year increase in September, according to MOEA statistics. That figure was 8.3 percent for August.
The MOEA attributed the minimal gains in October to the product transitions many international high-tech brands were undergoing, but it said the situation changed in November, and export orders should rise 2.6 percent to 5 percent year-on-year to between NT$41.8 billion and NT$42.8 billion. [FULL STORY]