(Central News Agency reporter Liu Qianling, Taipei, 20th) The Ministry of Economic Affairs announced today the amount of export orders in October. Factors such as changes in the regions where manufacturers place orders and supply chain restructuring have pushed the amount of orders from ASEAN to US$10.82 billion, a record high for a single month. In one fell swoop, it surpassed China and Hong Kong and became the second largest order-receiving region; the order volume of China and Hong Kong was US$10.63 billion, an annual increase of 1.2%, ending the 18-year black streak.
The Statistics Department of the Ministry of Economic Affairs announced today that the value of export orders in October was US$52.87 billion, a year-on-year decrease of 4.6%. The recession narrowed to single-digit percentages, showing negative growth for 14 consecutive months.
Observing the main order-receiving countries, the United States ranked the largest order-receiving region with an order value of US$17.0 billion, a year-on-year decrease of 1.4%. Information and communication products decreased by US$760 million, a year-on-year decrease of 12.0%, followed by electrical products, which decreased by 180 million yuan. An annual decrease of 25.6%; electronic products increased by US$840 million, an annual increase of 13.3%, offsetting part of the decrease.
ASEAN orders surpassed Europe for the first time in May. In October, the amount reached a new high of US$10.82 billion. It surpassed China and Hong Kong for the first time and became the second largest order-receiving region, with an annual increase of 94.9%. This is the highest level since February 2010. The largest increase was seen in information and communications products, which increased by US$4.18 billion, an annual increase of 525.1%.
Huang Yuling, director of the Statistics Department of the Ministry of Economic Affairs, analyzed that the growth of ASEAN orders was mainly due to manufacturers switching from Europe to placing orders from ASEAN in March this year, coupled with the influx of new consumer electronics products and year-end peak season stockings. In the fourth quarter of this year, During the peak period, orders surged in October.
The wave of global supply chain restructuring has hit. Huang Yuling said that part of the factors driving the growth of ASEAN orders also come from supply chain shifts. In recent years, driven by the US-China trade war and post-epidemic supply chain restructuring, production bases have moved to ASEAN and other countries. It also increases Taiwan’s order demand from ASEAN.
In addition, the amount of orders from mainland China and Hong Kong was US$10.63 billion, an annual increase of 1.2%, ending 18 consecutive months of negative growth. Huang Yuling analyzed that orders received from China and Hong Kong increased by US$160 million, an annual increase of 15.5%, among which the demand for e-sports and artificial intelligence (AI) boosted the demand for products such as laptops and graphics cards, and the stocking up of consumer electronics products also increased. Promote the growth of optical equipment.
Huang Yuling pointed out that the correction of orders from China and Hong Kong in October was mainly due to the stocking period of new consumer products at the end of the year, as well as the stabilization of demand for TV panels and the increase in prices, as well as the low base period caused by China’s zero-clearance policy last year.
As for the future momentum of orders from China and Hong Kong, Huang Yuling said that although the decline in China’s exports has gradually narrowed, it is still negative growth, and the internal retail industry has not seen retaliatory growth, and its performance is moderate; overall, it still depends on China’s domestic demand and foreign trade, and Whether global terminal demand is recovering.
In Europe, the order value in October was US$7.65 billion, a year-on-year decrease of 45.8%, with information and communication products falling by a larger amount of US$4.20 billion, a year-on-year decrease of 50.8%. (Editor: Yang Kaixiang) 1121120
