Orders for Taiwanese exports dropped by 18.3% year-on-year to USD 42.1 billion in February 2023, the sixth consecutive month of decline but at a slower pace compared to January’s 19.3% fall. The latest reading came out more than market expectations of a 15% decrease, mainly due to the weak demand for consumer electronics, particularly telecom products (-20.3%) and electronic products (-21.9%). Additionally, orders decreased for optical, photographic & cinematographic apparatus (-38%), chemicals (-26.9%) and plastics & rubbers (-22.8%). On the other hand, demand went up for mineral products (28.1%) and electrical machinery products (0.3%). Among major trade partners, demand fell the most in Mainland China and Hong Kong (-35.5%), followed by ASEAN countries (-17.1%), Europe (-13.1%), and the USA (-12.6%). Meanwhile, export orders rose in Japan by 5.5%. source: Ministry of Economic Affairs, R.O.C.
New Orders in Taiwan averaged 21768.25 USD Million from 1984 until 2023, reaching an all time high of 65502.00 USD Million in November of 2021 and a record low of 2279.00 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 2023.