Taiwan’s export orders down for 11th straight month in September

Taipei-As global demand has been affected by trade friction between the United States and China, Taiwan’s export orders for September fell from a year earlier for the 11th consecutive month, the Ministry of Economic Affairs (MOEA) said Monday.

Data compiled by the MOEA shows that the country’s export orders for September fell 4.9 percent from a year earlier to US$45.53 billion after an 8.3 percent year-on-year decline in August.

On a month-on-month basis, however, export orders rose 13.7 percent on the back of the peak-season effect in the global electronics industry, and after seasonal adjustment, also grew 1.5 percent, the data shows.

In the third quarter, Taiwan’s export orders totaled US$126.10 billion, up 9.8 percent from a quarter earlier but down 5.4 percent from a year earlier, according to the data.

Among the major sectors, the chemical, base metal and machinery industries felt the most apparent impact resulting from falling demand and weakness in the global economy amid the continued U.S.- China trade dispute and saw their export orders falling 28.7 percent, 18.9 percent and 12.1 percent, respectively, from a year earlier to US$1.48 billion, US$1.92 billion and US$1.53 billion in September.

Plastics and rubber suppliers also saw their exports falling 6.5 percent from a year earlier to US$1.79 billion, on weakening demand, providing further evidence of the impact of a global trade war, the data shows.

Export orders secured by information/communication device makers fell 1.0 percent from a year earlier to US$15.42 billion in September, but the figure rose 47.2 percent from a month earlier in the wake of efforts by international smartphone brands to launch new products, as well as rising demand for notebook computers during the peak season, the MOEA said.

Similarly, export orders of electronic component suppliers in Taiwan rose 13.1 percent from a month earlier to US$12.37 billion in September on the peak season effect, while on a year-on-year basis, the figure still fell 4.3 percent, the MOEA added.

Huang Yu-ling (???), head of the MOEA’s statistics department, told reporters that Taiwan’s export orders for October and November are likely to fall from a year earlier again amid lingering global trade tension, before rebounding in December.

Huang said the December rebound will be the result of rising demand for 5G applications and high-performance computing devices, while new smartphones unveiled by international brands will continue to boost buying.

She said the December rebound will also reflect a relatively low comparison base over the same period of last year.

Despite the predicted comeback in December, Huang said, export orders for the entire 2019 will fall from a year earlier, down 4 percent-6 percent year-on-year.

In the first nine months of this year, the country’s export orders dropped 6.1 percent from a year earlier to US$348.96 billion, the data shows.

Source: Focus Taiwan News Channel