Export orders from Taiwan increased 9.1 percent over a year earlier to an all-time high of USD 51.6 billion in October of 2020, beating market expectations of an 8.2 percent rise, helped by new smartphone launches ahead of the year-end holiday season, as well as continued robust demand for telecommuting products as many people are forced to work and study from home due to the pandemic. Orders rose for electronic products (17.5 percent); information & telecommunication products (4.4 percent); optical, photographic, cinematographic apparatus (16.8 percent); machines (13.2 percent); transport equipment (16.7 percent) and basic metals and articles thereof (11.5 percent). Among major trade partners, increases were seen from the US (17.1 percent), China (10.7 percent), Japan (18.6 percent) and ASEAN countries (6.1 percent). Orders from Europe dropped 0.1 percent. source: Ministry of Economic Affairs, R.O.C.
New Orders in Taiwan averaged 19667.36 USD Million from 1984 until 2020, reaching an all time high of 51590 USD Million in October of 2020 and a record low of 2278 USD Million in February of 1985. This page provides - Taiwan New Orders - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Export Orders - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
New Orders in Taiwan is expected to be 44500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Orders in Taiwan to stand at 44500.00 in 12 months time. In the long-term, the Taiwan Export Orders is projected to trend around 45000.00 USD Million in 2021, according to our econometric models.