By Chen Cheng-hui / Staff reporterThe ratio of orders fulfilled by Taiwanese manufacturers overseas has consistently declined over the past several months as they shift operations back home, government statistics showed. Last month, 48.8 percent of all export orders received by Taiwanese firms were produced in their overseas factories, down from 53.7 percent in the previous month and compared with 50.8 percent a year ago, the Ministry of Economic Affairs said on Thursday. The information technology and communications industry and the mechanical engineering sector led others by reporting that 91.2 percent and 74 percent of their export orders respectively were fulfilled by their overseas production bases last month. However, those figures also fell for the fourth consecutive month, the data showed. “A temporary decline in external demand may cause a downward revision, but the trends are still intact,” Yen added.

Source: Taipei Times February 23, 2020 15:56 UTC