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New mobile devices expected to boost Taiwan's export orders

New mobile devices expected to boost Taiwan's export orders

Taipei, March 21 (CNA) The launch of new mobile devices is expected to give a boost to Taiwan's export orders in March after the country reported lower-than-expected demand for its products in the first two months of this year, according to the Ministry of Economic Affairs (MOEA). Lin Li-chen, head of the MOEA's statistics department, said that international brands are gearing up to unveil mobile gadgets and wearable devices to woo consumers, which will benefit Taiwanese electronics exporters by generating more orders for them. In addition, local machinery makers are likely to witness their orders increasing to further lift Taiwan's export orders since the six-day Taipei International Machine Tool Show, which ended March 8, has attracted many potential international buyers, Lin said. According to Lin, export orders for the first quarter could rise slightly from the same period last year, when the figure stood at US$104.76 billion, up 2.7 percent from a year earlier, but down 14.8 percent from a quarter earlier. In February, Taiwan's export orders fell 2.7 percent from a year earlier to US$29.89 billion, a new low in two years, the MOEA statistics showed. But in the first two months of this year, the country's export orders rose 3.2 percent year-on-year to NT$68.93 billion. The growth, however, was lower than the ministry's earlier forecast of a 5 percent rise. The MOEA said that the fall in export orders in February reflected the reduced number of working days in the month because of the Lunar New Year holiday. Falling chemical and rubber prices due to a plunge in international crude oil prices also affected the export orders, the ministry said. In terms of specific items, in the first two months of the year, local rubber/plastics and chemical exporters suffered a year-on-year 8.2 percent fall and a 13.2 percent drop in export orders, respectively, under such unfavorable circumstances, the ministry said. Taiwanese base metal makers meanwhile felt the pinch of the impact resulting from falling steel prices which was caused by a supply glut in China and price competition. That caused Taiwan's base metal export orders for the two-month period to fall 10.2 percent from a year earlier, the MOEA said. It added that an anti-dumping investigation launched by the European Union also affected local base metal export orders in the same period. The MOEA said that as local flat panel exporters faced escalating price competition, in particular in small and medium sized screens, export orders placed to the local precision equity sector fell 3.6 percent year-on-year in the first two-month period. However, other high-tech firms continued to enjoy global solid demand for handheld devices with the information communications and electronics segment seeing their export orders rise 13.9 percent and 7.4 percent, respectively, in the past two months. In the two-month period, Taiwan's export orders from the United States, Europe and Japan rose 17.5 percent and 13.1 percent, respectively, while export orders from China and Hong Kong fell 1.6 percent year-on-year with orders from Japan down 26.4 percent. (By Huang Chiao-wen and Frances Hunag)


Updated : 2021-06-16 21:16 GMT+08:00