Taiwan export orders rise for 20th straight month

Описание: Taiwan’s export orders went up in October, marking the 20th consecutive month of expansion. According to government data released Monday, orders grew 14.6% year on yea to reach US$59.1 billion. That sets a historic high for the month of October.

The export orders were driven by the global appetite for 5G and high-performance computing. Orders for electronics were up 13.2%, while orders for ICT products rose 8.7%. Orders were optical equipment increased 14.1% on strong demand for automotive and commercial panels. Looking ahead, the government expects steady growth, as the global vaccination effort continues and the world economy recovers. The government expects export orders in November to move up as high as US$60.5 billion