Exports post best August performanceMADE IN TAIWAN: The share of export orders for products made overseas versus those made in local factories decreased by 4.4 percent year-on-year to 49.3 percentBy Angelica Oung / Staff reporterTaiwan’s export orders expanded 17.6 percent year-on-year to US$53.5 billion last month, the best August performance ever, the Ministry of Economic Affairs said yesterday. On a monthly basis, export orders dropped 3.2 percent from US$55.3 billion. The ministry expects export orders to rise again this month, with growth coming from information and communications technology (ICT) and electronic products. “We predict demand driven by the global recovery and strong commodity prices will keep supporting strong export orders,” Huang said. While the 18-month winning streak for Taiwanese export orders might seem impressive, it is far from record breaking, she added.

Source: Taipei Times September 24, 2021 15:56 UTC