Telecoms & Networks News South Africa

Mobile demand boosts Taiwan's exports by 10.6%

TAIPEI, TAIWAN: Taiwan's export orders in June rose 10.6% year-on-year to a 17-month high, largely boosted by continuing strong demand for electronic products, government statistics showed.
Workers at Foxconn's Taipei factory have helped boost Taiwan's exports by 10.6% as markets in the USA and Europe recover and demand for electronic products rises sharply. Image:
Workers at Foxconn's Taipei factory have helped boost Taiwan's exports by 10.6% as markets in the USA and Europe recover and demand for electronic products rises sharply. Image: KK-Net

Export orders totalled $38.82bn in June after the highest year-on-year increase since 17.9% growth posted in January 2013, and were also up 2.1% from the previous month, the Ministry of Economic Affairs said in a statement.

"Orders for electronic items orse 17.0% to $9.79bn as demand for mobile devices continued to grow and spurred business for the semi-conductor and DRAM sectors," the ministry said.

Export orders - those filed to manufacturers one or two months ahead of delivery - are a key indicator for the island's export-reliant economy.

"Export orders from mainland China and Hong Kong, Taiwan's leading overseas market, rose 14.5% year- on-year to $10.21bn, of which orders for electronic items saw the largest increase of 31.5%," the ministry said.

Exports reflect improved economies in USA, Europe

Orders from other major markets last month were also up year-on-year. US orders climbed 6.7% to $9.41bn while those from Europe rose 15.2% to $6.86bn compared with a year earlier.

Taiwan's economic growth has been buoyed by a steady recovery in developed countries as well as improved domestic consumption.

The economy grew 3.04% in the first quarter, slightly better than expected.

Full-year growth for 2014 was estimated to be 2.98%, putting Taiwan on course to enjoy its best year since 2011 when the economy posted a rise of 4.19%.

Source: AFP via I-Net Bridge

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz