Taiwan's export orders hit record high of US$23.8B. in Sept.
Oct 25, 2005
Exports orders surpassed US$23.78 billion in September, setting a new record for the second month in a row, with the share of overseas production hitting 41.05%, also a record high, according to the Ministry of Economic Affairs (MOEA).
MOEA notes that the high share of overseas production means that around US$10 billion of the orders will be produced by the overseas plants of Taiwanese makers, a phenomenon which is likely to dampen the growth momentum of the local economy.
The September exports orders represent a robust growth rate of 21.96% over a year earlier, thanks mainly to the steady growth of the global economy, the advent of busy season for information/electronics industries, as well as the effect of the depreciation of the New Taiwan dollar.
The share of overseas production has remained at high level in recent years and exceeded the 40% mark, to 40.5%, for the first time in June this year. The trend underscores the aggressive pace of Taiwanese exporters in their global deployment.
source & copyright: CENS