Export orders from Taiwan jumped 31.1 percent year-on-year to USD 53,733 million in June of 2021, the highest on records for a June month and beat market expectations of a 29.45 percent hike. The government attributed the strong performance to demand for 5G and semiconductors, amid the global chip shortage, which was observed in the orders for electronics (36.5 percent) and in exports of information & communication articles (6.9 percent), the second most relevant product category. Among major trade partners, orders increased on the back of the US (24.0 percent), followed by Mainland China & Hong Kong (36.7 percent), and Europe (24.3 percent). Looking ahead, the Ministry of Economic Affairs of Taiwan warned of the spread of COVID-19 variants and forecasts July export orders to rise between 15.7 and 18.9 percent. source: Ministry of Economic Affairs, R.O.C.
New Orders in Taiwan averaged 20269.29 USD Million from 1984 until 2021, reaching an all time high of 60549 USD Million in December of 2020 and a record low of 2279 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 July of 2021.
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 45000.00 in 12 months time. In the long-term, the Taiwan Export Orders is projected to trend around 45000.00 USD Million in 2022, according to our econometric models.