Technology products lift exports 12% to new recordBROAD RECOVERY: Technology exports took the lead amid favorable demand, while non-technology shipments rose 2 percent to 15 percent in their respective sectorsBy Crystal Hsu / Staff reporterTaiwan’s exports last month clocked another 12 percent upturn from a year earlier to a record US$33 billion, as 5G smartphones and other new technology applications ramped up business for local component suppliers, the Ministry of Finance (MOF) said yesterday. Meanwhile, strong demand for laptops, servers, and other information and communication technology (ICT) products showed no sign of receding as COVID-19 infections spike around the world, Tsai said. Electronics exports soared 22.2 percent to US$12.76 billion, while shipments of ICT products gained 17.6 percent to US$4.77 billion, jointly contributing about 50 percent to overall exports, ministry data showed. Optical products, mainly flat panels, posted the fastest advance of 27 percent year-on-year, Tsai said. Exports rose 11.7 percent year-on-year to US$97.21 billion last quarter, stronger than the November forecast of 7.8 percent by the Directorate-General of Budget, Accounting and Statistics, Tsai said.

Source: Taipei Times January 08, 2021 15:56 UTC