Export orders fall 0.8% over disruptions - News Summed Up

Export orders fall 0.8% over disruptions


On a monthly basis, export orders contracted 18.8 percent from US$35.31 billion, ministry statistics showed. Meanwhile, export orders for electronics bounced back after a small contraction in January to surge 20.4 percent year-on-year to US$8.82 billion, due to growing demand for semiconductors. “Upcoming 5G deployment boosted orders for foundry services, design and packaging of integrated circuits as well as memory products,” Huang said. However, export orders for optoelectronics continued a downward spiral despite an increase in demand for optical lenses, as flat-panel prices struggle to recover. With part of their production in China hindered, optoelectronics makers posted a 14.7 percent year-on-year decline to US$1.34 billion in orders last month, the data showed.


Source: Taipei Times March 20, 2020 15:56 UTC



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