CONNECT WITH US

Taiwan December export orders hit record

Adam Hwang, DIGITIMES, Taipei 0

Taiwan-based makers received export orders totaling US$60.55 billion in December 2020, hitting a monthly record for the fourth consecutive month with increases of 4.8% sequentially and 38.3% on year, according to the Ministry of Economic Affairs (MOEA).

Makers' overseas production took up 54.9% of the total.

IT/communication and electronic products were the top two export categories in December, the former generating monthly record of US$19.29 billion and the latter US$19.21 billion.

Export orders totaled US$169.92 billion in fourth-quarter 2020, the highest-ever quarterly level with growths of 20.4% sequentially and 25.3% on year, while US$533.66 billion for the whole year hit annual record, rising 10.1% on year.

MOEA: Taiwan's main export markets, December 2020 (US$b)

Market

Dec 2020

2020

Amount

Proportion of total

Y/Y

Amount

Proportion of total

Y/Y

US

17.85

29.5%

40.5%

161.62

30.3%

15.2%

China plus HK

16.03

26.5%

54.3%

137.66

25.8%

15.6%

Europe

13.51

22.3%

35.0%

108.89

20.4%

11.1%

Japan

3.09

5.1%

31.2%

28.57

5.4%

1.9%

Six ASEAN countries

4.81

7.9%

31.3%

46.49

8.7%

5.5%

Source: MOEA, compiled by Digitimes, January 2021