Taiwan’s export orders improve slightly in July

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Taiwan’s export orders recovered slightly in July, ending five successive monthly declines on improving demand from major markets including the United States and China, the government said Tuesday.

Export orders — orders filed to manufacturers one or two months ahead — are a key measure for the island’s export-reliant economy.

The July figure was $36.11 billion, up 0.5 per cent year-on-year and up 2.9 per cent from the previous month, the economics ministry said.

Orders from the Association of Southeast Asian Nations (ASEAN) economies rose 3.7 per cent year-on-year, while those from the United States and China were also up 2.8 per cent and 2.0 per cent, respectively, from a year ago.

Orders for the island’s signature electronics items added 2.8 per cent from last month or 0.3 per cent from a year ago, as demand picked up in China and the United States for semiconductor and other chips.

Orders for chemical and telecom products also increased 8.3 per cent and 2.7 per cent year-on-year, respectively, the ministry said.

Taiwan’s economy grew 1.32 per cent in 2012, its slowest pace in three years, and has shown signs of weakness in recent months due to slowing demand from its key markets.

The government last week revised its expectations for 2013 full year economic growth downwards to 2.31 per cent, citing a weaker global economic outlook and slowing exports and consumer spending in the second half.

 

 

 

Source : Channel News Asia | August 20, 2013

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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