Taiwan's export orders grew 8.3 percent year-on-year in August to US$37.93 billion, breaking a 16-month slide, according to statistics released by the Ministry of Economic Affairs (MOEA) Thursday.
The August orders exceeded the MOEA's forecast of US$35 billion to US$36 billion, said Lin Li-chen (???), director of the ministry's Department of Statistics, citing the release of new mobile devices on the global market as the main reason.
As a result, Taiwanese OEM companies and other enterprises in the supply chain saw a significant increase in export orders, she said.
In the electronics sector, export orders increased 16.5 percent year-on-year to US$10.44 billion in August, while in the information communications sector they rose 6.6 percent to US$10.52 billion, according to the MOEA data.
The main source of Taiwan's export orders was the United States, which placed US$10.915 billion worth of orders in August, an increase of 15.1 percent from the previous year, the data showed.
It was followed by China and Hong Kong with a 12.8 percent year-on-year jump in orders to US$9.77 billion; Europe with a growth of 2.7 percent to US$5.75 billion, and member countries of the Association of Southeast Asian Nations with a 2.5 percent increase to US$4.521 billion.
Meanwhile, export orders placed by Japan dropped by 9.5 percent year-on-year to US$2.409 billion, the August data showed.
Source: Focus Taiwan News Channel