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Taiwan Nov Export Orders Soar, Very Strong Outlook Seen

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TAIPEI, Dec 21 Reuters Taiwans export orders rose for the ninth consecutive month in November and at the quickest pace in a decade, boosted by continued strong global demand for the islands technology products, with Apple Inc rolling out a new iPhone.

Export orders, a bellwether of global technology demand, jumped 29.7 from a year earlier to 57.78 billion in November, Ministry of Economic Affairs data showed on Monday.

The highest monthly figure on record represented the fastest rate of growth since May 2010 and far exceeded the 13.4 rise projected in a Reuters poll.

The ministry said orders were helped by hot sales of new smartphones, as well as continued robust demand for technology to support remote working and learning during the pandemic.

Orders for telecommunications products rose 22.3 on year to 20.8 billion, also a record monthly high, largely attributable to new smartphones and gaming consoles coming to market and workfromhome demand, the ministry added.

Taiwanese companies such as Foxconn and Taiwan Semiconductor Manufacturing Co Ltd TSMC are key suppliers to Apple, which in September launched its nextgeneration iPhone 12.

Taiwan usually sees strong electronics orders in the third and fourth quarters, when vendors launch new smartphone models ahead of holiday demand.

The ministry expects export orders to rise between 29 and 32.5 in December, fuelled by new consumer electronics products from leading global brands, though it warned of uncertainty…

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