Taiwan’s January Export Orders Jump 49%, Beating Estimates
- Orders jump for 11th month in a row on strong chip demand
- Officials have said exports may spur gains in Taiwan dollar
The increase in export orders marks the 11th monthly increase for export orders as manufacturers of everything from smartphones to autos scramble to secure a stable supply of semiconductors.
Photographer: Maurice Tsai/Bloomberg
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Overseas orders placed with Taiwanese exporters surged by the most in 11 years in January as global demand for semiconductors shows no sign of abating.
Export orders rose 49.3% to $52.7 billion in January, Taiwan’s Ministry of Economic Affairs said Wednesday. That was the biggest increase since January 2010 and compares to a median estimate of 45% in a Bloomberg survey of economists.