TAIPEI (TVBS News) — Taiwan's export orders in November reached US$50.6 billion, indicating a 1 percent year-on-year growth, marking a reversal after 14 consecutive months of decline, as reported by the Ministry of Economic Affairs' (MOEA) Department of Statistics on Wednesday (Dec. 20).
According to the latest MOEA data, export orders declined by US$2.24 billion, or 4.2 percent, from October. When adjusted for seasonal factors, the decrease stood at 5.4 percent.
Of particular note, orders for information and communication equipment in November amounted to US$16.2 billion, marking a 10 percent annual increase and breaking a nine-month streak of negative growth. Similarly, electronic product orders totaled US$17.8 billion, representing a 3.5 percent annual increase and ending a 12-month downturn.
However, the cumulative data for January to November this year revealed an overall drop in export orders. The total of US$517.23 billion reflected a 15.8 percent decrease, equivalent to US$97.38 billion, compared to the same period the previous year.