Taipei, Dec. 21, 2012 (CENS)--Taiwan's exports orders topped US$40.73 billion in November, beating expectation and hitting record high, a performance which enabled the total amount of exports orders in the first 11 months to grow 0.4% year-on-year, reported the Ministry of Economic Affairs (MOEA) yesterday (Dec. 20).
Lin Li-chen, chief statistician of the MOEA, predicted exports orders for the whole year will up 1%, adding that exports orders will remain stable next year, as the U.S. and Europe are striving to solve the financial-cliff and Europe-debt problems, which will vitalize the global trade.
Lin Li-chen noted that the three major exports items, namely information-communications technology products, electronics products, and precision equipment, accounted for 58% of the total exports orders in November. Thanks to the growing popularity of smart phones and tablet PCs, exports orders for information-communications technology products and electronic products should be able to remain at a stable level next year, according to Lin.
The amount of exports orders in November was US$4.08 billion, or 11.1%, higher than a year earlier, representing the third straight month with a positive growth for exports orders. This is also the first time for monthly exports orders to top the US$40 billion mark, surpassing the previous high of US$38.99 billion in March last year.
The MOEA estimated that exports orders in December will range US$39-40 billion, translating into 10% growth year-on-year.
The amount of exports orders hit US$401.6 billion in the first 11 months this year and may top US$440.5 billion for the whole year, breaking the previous record of US$436.13 billion last year, according to Lin Li-chen.
Of the three major exports items, information-communications technology products and electronics products received record amount of exports orders in November, while exports orders for precision equipment, mainly flat panel display (FPD), hit the second highest ever
The amount of exports orders for information-communications technology products grew 11.2% sequentially or 17.2% year-on-year to US$10.94 billion in November, breaking the US$10 billion mark for the first time.
In November, however, the share of overseas production for exports orders hit 51.7%, meaning only around half of the orders will reflect in Taiwan's exports amount, according to the MOEA.
Information and communications technology products boasted 82.8% share for overseas production, down from 85.4% in October, indicating increase in the share of local production. Share of overseas production for electronics products hit 53.4% in November, higher than October's 51.4%.
