Export orders beat forecast, rise 16.2% - News Summed Up

Export orders beat forecast, rise 16.2%


The figure beat the ministry’s estimate of US$168.9 billion to US$170.4 billion, indicating milder seasonal weakness. Photo: CNAThat was evident in continued growth in export orders from China, including Hong Kong, which rose 11.4 percent annually to US$43.76 billion, the ministry said. It expects export orders to slide 9.1 to 11.5 percent on a monthly basis to between US$55.5 billion and US$57 billion this month. “We are conservative about export orders estimates, due to rising uncertainty. During the first three months of this year, orders for electronics products — primarily semiconductors — surged 25 percent annually to US$57.77 billion, making the segment the biggest contributor to export orders, ministry data showed.


Source: Taipei Times April 21, 2022 04:11 UTC



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