Taiwan exports orders up 5.7 percent in February

Nathan Andrada – Fourth Estate Cooperative Contributor

Taipei, Taiwan (4E) – Taiwan’s exports orders improved in February, following a drop in January, according to Ministry of Economic Affairs data released Thursday.

Export orders expanded 5.7 percent in February from a year ago. The figure was smaller compared with economists’ forecast of 9 percent gain. Orders fell 2.8 percent in January.

The largest growth came from export orders for leather and related materials, which surged 29.5 percent. Coming in next is demand for food products, beverages and tobacco that climbed 28.6 percent.

Overseas orders for wood and related products slid 26.5 percent and demand for household electrical appliances shrunk 24.4 percent.

Export orders fell 15 percent in February month-on-month.

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