Taiwan export orders grow 12.3 percent in March, beat official forecast

The nation’s overall export orders continued to show growth this month..

(By Central News Agency)

TAIPEI (Taiwan News) - Taiwan’s export orders increased year-on-year for the eighth consecutive month in March, the Ministry of Economic Affairs (MOEA) announced Thursday. 

The nation’s overall export orders continued to show growth this month, receiving a total of US$41.12 billion and up 12.3 percent from the same month in the previous year, following a 22 percent rise in February, according to the MOEA’s data.

In the first quarter of this year, orders rose 12.6 percent from the same period last year, the highest on record for that period, as the data showed.

The orders grew at a faster pace than expected as global demand for computers, mobile devices and other tech gadgets remained strong, benefiting from global economic recovery, the nation’s statistics department said.

After a 16-month declining streak as of the end of July last year, the nation’s export orders finally started to pick up in August, with March marking the eighth straight month of continuous growth.

The MOEA is expecting steady, modest growth in the export orders in the months ahead, while the development of cloud computing, the Internet of things (IoT), and the Internet of Vehicles (IoV) will contribute to accelerate that growth, the department said.