Alexa
  • Directory of Taiwan

May export orders at 22-month low

May export orders at 22-month low

Taipei, June 23 (CNA) Taiwan's export orders registered a 22-month low in May, amounting to US$35.79 billion, down 5.9 percent from the same month of last year.
Statistics released by the Ministry of Economic Affairs Tuesday indicate that the amount of export orders had shrunk for two consecutive months, with the year-on-year drop, the biggest since April 2013, surprising even economics officials.
Among the leading export items, information and communications products were the only categories to enjoy stable demand. Computer exports in May grew only 2.3 percent from the same month of last year, which was the lowest since August 2014.
An official of the ministry's statistics department suggested that weaker demand for smartphones from newly industrialized countries had an impact on the supply chain of related products.
In the meantime, as OEM IC factories were reviewing and adjusting their inventories in May and June, they were taking in less orders in the first half of the year, and expecting better performance in the second half.
In the traditional manufacturing sector, plastics and rubber, as well as chemicals exports, also declined, while basic metals exports also showed a marked decline in the face of fierce competition from neighboring Asian countries.
Lin Li-chen, director of the ministry's Department of Statistics, said the decline might continue for a third consecutive month into June. (By Huang Chiao-wen and Lillian Lin)


Updated : 2021-08-02 23:55 GMT+08:00