Taiwan New Orders

Orders for Taiwanese exports climbed by 20.8% year-on-year to USD 52.9 billion in December 2024, accelerating from a 3.3% gain in the previous month, and exceeding market expectations of 16.1% growth. This also marked the strongest expansion since February 2022, mainly driven by demand for artificial intelligence technologies. Exports orders advanced significantly for electronic products (33.5% vs 7.2% in November) and optical, photographic, and cinematographic apparatus (17.7% vs 7%). Additionally, exports orders rebounded sharply for information and communication products (24.3% vs -2.3%), while it decreased at softer pace for basic metals and articles thereof (-4.5% vs -6.3%) and chemicals (-0.6% vs -1.3%). Meanwhile, exports orders were stable for machineries (6%). Among key trade partners, demand increased most in the USA (31%), followed by Japan (25.7%), ASEAN countries (24.9%), and Mainland and Hong Kong (13.6%).