Taiwan New Orders

Orders for Taiwanese exports grew by 4.6% year-on-year to USD 53.8 billion in September 2024, slowing down from a 9.1% surge in the previous month and falling short of market expectations of a 6.8% rise, yet still reaching a nearly two-year high. Growth slowed for electronic products (10.5% vs 13.2% in August), information & communication products (7% vs 16%), machinery (3.6% vs 4%) and optical, photographic, & cinematographic apparatus (3.3% vs 5.1%). In contrast, growth accelerated for basic metals basic metals (4.3% vs 0.2%) and electrical machinery products (4% vs 1.9%). Meanwhile, exports orders contracted for chemicals (-8.5% vs 7.7%). Among key trade partners, demand increased most in the ASEAN countries (13.4%), followed by Japan (9.8%).