Taiwan's export orders rose for the second consecutive month in September, largely due to the launch of the latest Apple Inc. iPhone models and increasing demand for mid- to low-end handheld mobile devices, the Ministry of Economic Affairs (MOEA) said on Thursday.
Orders in September grew by 3.9 percent year-on-year to US$42.96 billion, the second highest level ever recorded for that month, according to MOEA statistics. The figure also represented a 13.3 percent increase from August.
Apple Inc. unveiled the 4.7-inch iPhone 7 and 5.5-inch iPhone 7 Plus on Sept. 7, with global sales rolled out on Sept. 16.
The MOEA last week predicted growth in September export orders, noting that the new iPhones have been well received by the market, which has benefited local Apple suppliers.
The continuous rollout of new handheld mobile devices has boosted orders in the assembly, high-end mobile phone chip, wafer foundry, DRAM and passive component industries, pushing up orders for information and communication products and electronic products to their highest ever monthly total, the MOEA said.
The ministry said export orders for information and communication products reached US$14.63 billion in September, up 8 percent from the same period last year, while orders for electronic products reached US$11.6 billion, up 10.1 percent year-on-year.
Orders have increased from most major export markets, including the United States, China and Hong Kong, Europe and the Association of Southeast Asian Nations, with orders from the U.S. increasing by as much as 12.9 percent from the same month last year.
Orders from Japan, however, continued to fall, declining by 14.9 percent from a year earlier, the MOEA said.
In the traditional manufacturing sector, export orders for plastics/rubber and chemicals dropped 7.3 percent and 10.3 percent, respectively, while orders for base metals and machinery rose 4.4 percent and 1.5 percent respectively, from a year earlier.
The ministry forecast that export orders for electronic and information communication products will continue to grow in the near future, as companies roll out new handheld mobile devices, wearable devices and notebook computers, and as Internet of Things technology and automotive electronics continue to proliferate. Demand will also be boosted by the approach of the year-end shopping season in Europe and the United States.
Orders in the traditional manufacturing sector are also forecast to increase as oil prices rebound and steel prices hold steady.
In August, Taiwan's export orders rose 8.3 percent year-on-year to reach US$37.93 billion, ending a 16-month falling streak caused by weak global demand.
Source: Focus Taiwan News Channel