Taiwan's export orders declined 0.8 percent year-on-year to USD 28.68 billion in February of 2020, following a 12.8 percent fall in the previous month and compared with market expectations of a 0.6 percent decline. It was the 2nd consecutive decline, as demand continued to decline for information & communication products (-23.4 percent); chemicals (-4.5 percent); optical, photographic, cinematographic apparatus (-14.7 percent); electrical machinery products (-3.1 percent) and mineral products (-9.7 percent). On the other hand, orders increased for electronic products (20.4 percent); basic metals & articles (7.1 percent); machineries (14.3 percent) and textile products (8.7 percent). Among major trade partners, exports orders went down from Europe (-6.9 percent) and Japan (-19 percent) while those rose for the US (3.2 percent) and China & Hong Kong (0.1 percent).
New Orders in Taiwan averaged 19220.34 USD Million from 1984 until 2020, reaching an all time high of 48986 USD Million in October of 2018 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 March of 2020.
New Orders in Taiwan is expected to be -13.00 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 44000.00 in 12 months time. In the long-term, the Taiwan Export Orders is projected to trend around 44000.00 USD Million in 2021, according to our econometric models.