Taiwan New Orders

Orders for Taiwanese exports fell by 3% year-on-year to USD 48.4 billion in January 2025, worse than market expectations of 1.8% drop and slipping from a 20.8% growth in December 2024. Exports orders tumbled for plastics and articles thereof (-20.5% vs 5.5% in December), textile products (-6.9% vs 8.5%), machineries (-4.7% vs 6%), electrical machinery products (-0.2% vs 7.9%), information and communication products (-13.3% vs 24.3%), and optical, photographic, cinematographic apparatus (-0.3% vs 17.7%). In addition, exports orders continued to decrease for chemicals (-19% vs -0.6%) and basic metals and articles thereof (-21.7% vs -4.5%), while it slowed significantly for electronic products (1.5% vs 33.5%). Meanwhile, exports orders accelerated sharply for transport equipment (128.3% vs 4%) and it rebounded for mineral products (9.3% vs -3.7%). Among key trade partners, demand increased most in Japan (8%), followed by the USA (6.4%), and ASEAN countries (1.7%).