-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
CENS: Taiwan Export Orders Indicate Upturn
August 25, 2009 |Estimated reading time: 1 minute
TAIPEI, Taiwan Taiwan's export, the growth engine of its economy, has shown clear sign of upturn, as orders received by the nation's exporters in July reached US$28.61 billion, down 8.77% year-on-year, the lowest decline in nine months, according to the Ministry of Economic Affairs (MOEA). China Economic News Service (CENS) reporter Philip Liu states that orders from China are up, while exports to the U.S. and Japan continue to be shaky.
Despite the economic downturn, IC assembly houses in Taiwan have seen brisk business.
One major factor for the upturn is marked increase in orders from China, which amounted to US$8.18 billion in the month, up 2.22% year-on-year, a turnaround following one year of consecutive declines.
Liu reports that Huang Shi-chi, chief of statistics, the MOEA, was confident that the export-order performance will improve "month by month and quarter by quarter."
Export orders from Japan and the Association of Southeast Asian Nations (ASEAN) member nations slipped again, following positive growth in June, due to shrinking import to Japan and acute competition from Korean products in ASEAN. U.S. orders dropped 12.51%, worse than June, underscoring instability of the U.S. economic recovery, according to Huang Shi-chi.
Flat panel display (FPD) products exhibited exceptional performance in the month, enabling orders for precision equipment, for which FPD is a major item, to jump 17.4%, CENS reports. The news agency speculates that this is thanks to the effect of China's "home appliances for rural areas" policy and earlier placement of orders for the Christmas season from Europe.
Machinery orders, though, slumped 30.16%, with machine tools faring the worst, reflecting that investment activities remained sluggish, Liu notes.
Meanwhile, Taiwan's industrial output dropped 8.11% year-on-year in July, the lowest decrease in 10 months, according to statistics released by the MOEA on August 24.
Manufacturing output scored a lesser decline of 8.23% year-on-year, with the output of auto and parts industry growing 6.59% year-on-year, the best performance in the manufacturing industry, which underscores the strong upturn of the sector, after remaining in the doldrums for two years, Liu states.