The nation's export orders rose 11.92 percent from a year earlier to US$27.53 billion last month on stronger demand for information and communications products, the Ministry of Economic Affairs said yesterday.
"Strong demand for notebook computers and the continued outsourcing of orders by global manufacturers led to a pronounced rise in orders for information and communications," the ministry said in its statement.
In April, the nation recorded US$27.46 billion in export orders, representing an increase of 11.27 percent from April last year, statistics provided by the ministry showed.
Last month's export orders reached their second-highest level, following a record high of US$28.03 billion posted in March.
The report "shows Taiwan is gradually emerging from a typically slow second quarter," said Lucas Lee, an economist at Mega Securities Corp (兆豐證券).
"We need to see whether demand from the US will continue to catch up with that of Asia," he said.
In the first five months of the year, Taiwan took in export orders worth US$130.87 billion, up 12.25 percent from the same period last year.
The ministry expects the nation's export orders in the first half of the year to see signifant growth compared with the same period a year earlier.
"We expect double-digit [year-on-year] growth for export orders in June, as well as growth for the first half," said Huang Ji-shih (
"The exporters [we] surveyed have indicated a cautiously optimistic view for orders and capacity utilization," he said.
TRADE WAR: Tariffs should also apply to any goods that pass through the new Beijing-funded port in Chancay, Peru, an adviser to US president-elect Donald Trump said A veteran adviser to US president-elect Donald Trump is proposing that the 60 percent tariffs that Trump vowed to impose on Chinese goods also apply to goods from any country that pass through a new port that Beijing has built in Peru. The duties should apply to goods from China or countries in South America that pass through the new deep-water port Chancay, a town 60km north of Lima, said Mauricio Claver-Carone, an adviser to the Trump transition team who served as senior director for the western hemisphere on the White House National Security Council in his first administration. “Any product going
TECH SECURITY: The deal assures that ‘some of the most sought-after technology on the planet’ returns to the US, US Secretary of Commerce Gina Raimondo said The administration of US President Joe Biden finalized its CHIPS Act incentive awards for Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), marking a major milestone for a program meant to bring semiconductor production back to US soil. TSMC would get US$6.6 billion in grants as part of the contract, the US Department of Commerce said in a statement yesterday. Though the amount was disclosed earlier this year as part of a preliminary agreement, the deal is now legally binding — making it the first major CHIPS Act award to reach this stage. The chipmaker, which is also taking up to US$5 billion
High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centerpiece of Greece’s future “smart city” look out over the Saronic Gulf. At their feet, construction machinery stirs up dust. Its backers say the 8 billion euro (US$8.43 billion) project financed by private funds is a symbol of Greece’s renaissance after the years of financial stagnation that saw investors flee the country. However, critics see it more as a future “ghetto for the rich.” It is hard to imagine that 10km from the Acropolis, a new city “three times the size of Monaco”
STRATEGIC MATERIALS: Taiwan’s advanced chips and tech help the US ‘stay ahead of China in technology competitions,’ central bank Governor Yang Chin-long said The incoming administration of US president-elect Donald Trump is unlikely to impose stiff tariffs on Taiwan’s advanced chips as well as information and communications technology (ICT) products, because they are special and strategic materials the US needs, central bank Governor Yang Chin-long (楊金龍) said yesterday. “Trump’s trade policies may affect Taiwan’s economy and financial markets through multiple channels... We need to be careful in dealing with monetary policy and foreign exchange,” Yang said at a meeting of the legislature’s Finance Committee in Taipei. After Trump’s return to the White House in January next year, it might become normal for Taiwan to be