Value of February export orders up 5.7 percent year-on-year (update)
Central News Agency
2014-03-20 10:59 PM
Taipei, March 20 (CNA) The value of export orders placed with Taiwanese companies in January and February hit US$66.82 billion, an annual increase of 1 percent, the Ministry of Economic Affairs (MOEA) reported Thursday. February alone brought orders worth US$30.71 billion, or 5.7 percent more than the same month last year, MOEA tallies show. The ministry's statistics head Lin Li-jen noted that the orders headed to Europe in February showed 0.5 percent growth from January to total US$5.51 billion, representing the seventh straight month of growth in exports to the continent. According to the figures, the information and communications sector was the key supporter of Taiwan's export growth over the first two months of this year, thanks largely to continuing growth in mobile devices which pushed orders for wafers and chips up to US$16.6 billion, 8.2 percent more than the same period last year. At the same time, however demand for television and computer displays weakened. The MOEA figures showed that orders of "precision instruments," referring mostly to display panels, dropped 7.1 percent in value from the first two months of last year to hit US$4.64 billion. Orders for metals were up 2 percent in value, while orders for machinery slipped by 1.7 percent, for chemical products by 1.1 percent, and for plastic and rubber products by 1.9 percent. The value of orders from China, Europe and Japan increased by 3 percent, 1.3 percent and 7.7 percent, respectively, while orders from the United States and the six major member states of the Association of Southeast Asian Nations declined by 1.8 percent and 0.8 percent, the MOEA tallies show. (By Huang Chiao-wen and Maia Huang)
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