Taipei, Nov. 25, 2011 (CENS)--Export orders received by Taiwan's manufacturers and traders reached US$37.21 billion in October for an annual growth of 4.38% and edged up 0.67% from a month earlier, according to the statistics released by the Ministry of Economic Affairs (MOEA).
M. N. Tsai, deputy director of the Statistics Department of MOEA, said that Taiwan's export orders have recently been influenced by the European debt crisis and heavy flooding in Thailand that impacted global supply of electronic products.
Nevertheless, Taiwan posted remarkable export order in the first half, with the value for the full year predicted to exceed last year's US$406.7 billion to hit record high of US$440 billion.
In October the orders for information technology (IT) and telecommunication products grew an annual 7.17% to US$9.88 billion, the highest ever recorded. However, the corresponding growth in machines and related products plunged to 4.45% from 20.03% of a month earlier and 58% in the first half of the year.
October orders from the United States rose by 14.12% to US$8.88 billion with IT and telecom sector seeing the highest growth; while those from China rose by 8.52% to US$9.28 billion with LCD panels remaining staple items for a share of US$1.6 billion. And orders from the six ASEAN members totaled US$3.76 billion for a 3.96% year-on-year growth, the lowest since September 2009.
Orders from Europe experienced the second consecutive monthly drop to US$7.01 billion in October, and that from Japan decreased by 14.94% to US$3.67 billion.
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