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MNI BRIEF: Taiwan Export Orders Up 1.9% In January

MNI (Beijing)

Taiwanese export orders stood at USD48.4 billion in January, up 1.9% y/y and 10.5% m/m, according to data from the Ministry of Economic Affairs on Tuesday.

Notably, electronic products increased 16.07% y/y and 16.95% m/m, offset by a 19.26% fall in Information & Communication Products y/y. Geographically, export orders to the mainland and Hong Kong increased 28.01% y/y and 5.56% m/m.

Taiwan’s central bank expects the export growth rate to turn positive this year given stronger world trade growth than this year, and booming demand for emerging technology applications. A policy advisor recently emphasised the mainlands capacity for imports remained strong in 2024, especially for intermediate and component goods. (See: MNI INTERVIEW: China Trade To Hit CNY44-45 Trillion In 2024)
MNI Beijing Bureau | lewis.porylo@marketnews.com
EM TradePolicy NewsAPACChinaEM Policy NewsEM Policy StoryEM BriefBriefStoryRegion
MNI Beijing Bureau | lewis.porylo@marketnews.com
EM TradePolicy NewsAPACChinaEM Policy NewsEM Policy StoryEM BriefBriefStoryRegion

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