Taiwan Export Orders Surge 20.8% In December

(RTTNews) - Taiwan's export orders logged an accelerated growth at the end of the year, according to data released by the Ministry of Economic Affairs on Tuesday.

Export orders climbed 20.8 percent year-over-year in December, much faster than the 3.3 percent rise in November. The expected growth rate was 16.1 percent.

Orders for electronic products grew the most by 33.5 percent, followed by orders for information and communication products, which advanced by 24.3 percent.

Foreign orders for optical, photographic, and cinematographic apparatus rose notably by 17.7 percent, while those for basic metals and related articles slid by 4.5 percent.

On a monthly basis, export orders rebounded 1.2 percent versus a 5.7 percent fall in November.

During the year 2024, total export orders climbed 5.1 percent compared to the previous year.

In New Taiwan dollar terms, export orders expanded 25.8 percent annually, and they grew by 1.9 percent monthly in December.