Taiwan New Orders

Orders for Taiwanese exports grew by 3.3% year-on-year to a three-month high of USD 52.3 billion in November 2024, slowing from a 4.9% rise in the previous month and missing market expectations of 6.3% gain. Exports orders slipped for basic metals and articles thereof (-6.3% vs 7.4% in October), chemicals (-1.3% vs 3.9%), and information and communication products (-2.3% vs 0.5%). Additionally, exports orders eased for electronic products (7.2% vs 11.2%). Meanwhile, export orders rebounded sharply for optical, photographic, and cinematographic apparatus (7% vs -0.7%) and it increased at a faster pace for machinery (6% vs 5%). Among key trade partners, demand increased most in Japan (17.8%), followed by the USA (11.7%) and others (10.1%). However, demand declined most in Europe (-7.9%), Mainland and Hong Kong (-3.4%), and the ASEAN countries (-0.8%).