Export Orders Increase in April

Kaohsiung port
Via Wikimedia Commons

Taiwan’s export orders increased 7.4% year-on-year in April to US$35.61 billion, according to statistics from the Ministry of Economic Affairs (MOEA). The cumulative January to April export orders rose 11.3% from the same period last year to US$146.66 billion.

It was the ninth consecutive month of export growth. The Taiwan dollar’s appreciation against the US dollar this year may put pressure on continued growth for the rest of the year.

Lin Li-chen (林麗貞), director of the MOEA’s Department of Statistics, said that orders met expectations and were boosted by sales of handheld devices. However, last week Lin said that department expected export orders to be between US$38.5 billion and US$39.5 billion.

The export value of optical equipment, due to increasing panel prices, increased 22.3% year-on-year in April, the fourth consecutive month of double-digit growth. Electronic components exports increased 4.1% due to tight DRAM supply and the expansion of the chip sector. Exports of other tech products, including handheld devices, PCs, and servers, increased 13.1% in the month.

Taiwan’s export orders rose 12.6% from a year earlier to US$110.85 billion in the first quarter of the year.

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