CHINA Taiwan export orders from mainland, Hong Kong up 40% in May

CHINA

Taiwan export orders from mainland, Hong Kong up 40% in May

Xinhua

10:10, June 22, 2021

Taiwan companies received export orders from the mainland and Hong Kong worth $14.22 billion in May, surging 40 percent year on year, the island's economic affairs department said Monday.

File Photo: Xinhua

Of the orders, those for electronic products showed the greatest increase, up 47.1 percent year on year, followed by orders for optical devices at 41.5 percent, the department said in a statement.

During the first five months this year, Taiwan companies received export orders worth 68.1 billion dollars from the mainland and Hong Kong, soaring 44.1 percent from a year earlier.

May saw export orders received by Taiwan companies amount to 52.29 billion dollars, up 34.5 percent year on year, partly due to increased shipments of tech and electronic devices boosted by a stabilizing global economy.

With continued strong demand for high-performance computing and electronic products, as well as a high level of raw material prices, Taiwan's export prospects will likely remain favorable in the future, according to the statement.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue