Taiwan's export orders experienced significant growth at the end of the year, as reported by the Ministry of Economic Affairs on Tuesday.
In December, export orders surged by 20.8% compared to the same month the previous year, accelerating well beyond the 3.3% increase observed in November. Analysts had anticipated a growth rate of 16.1%.
The strongest growth was seen in orders for electronic products, which soared by 33.5%. Information and communication products followed closely, with orders rising by 24.3%.
There was also a notable increase of 17.7% in foreign orders for optical, photographic, and cinematographic equipment. In contrast, orders for basic metals and related articles saw a decline of 4.5%.
On a month-to-month basis, export orders rebounded by 1.2%, reversing the 5.7% decrease recorded in November.
For the entire year of 2024, total export orders grew by 5.1% compared to the previous year.
When measured in New Taiwan dollar terms, export orders expanded by 25.8% annually and rose by 1.9% in December on a monthly basis.
