Simplified Chinese

Taiwan export orders from mainland surge in February

Source: XinhuaUpdated: 2021-03-23

TAIPEI, March 22 (Xinhua) -- Taiwan companies received export orders worth 10.91 billion U.S. dollars from the mainland and Hong Kong in February, up 48.6 percent year on year, the island's economic affairs department said on Monday.

Among these, orders for electronic products showed the greatest year-on- year increase, growing 1.68 billion U.S. dollars, followed by orders for optical components with an increase of 620 million dollars, the department said in a statement.

Taiwan companies saw their total export orders increase 48.5 percent year on year to 42.59 billion U.S. dollars in February.

Electronic goods, IT products and basic metal were the most ordered export commodities in terms of their value, according to the statement.

The department attributed the increase in export orders to the booming demand for long-distance communication products and new IT technologies amid a gradual recovery of the global economy.

The price increase of raw material in the international market also boosted orders for Taiwan's traditional export products, the department said.

The notable year-on-year growth was also due to the relatively low figure in February 2020 when the COVID-19 epidemic was at its peak, the statement said. Enditem