Taiwan export orders hit record high in November

Source: Xinhua| 2017-12-20 20:27:29|Editor: pengying
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TAIPEI, Dec. 20 (Xinhua) -- Taiwan's export orders hit a record high in November on the back of global economic recovery and strong demand for electronic devices, according to data released by the island's economic authority Wednesday.

Export orders for the month stood at 48.69 billion U.S. dollars, up 11.6 percent year on year, marking the 16th consecutive month of growth.

In the first 11 months of this year, Taiwan's export orders totaled 444.33 billion U.S. dollars, up 10.2 percent from a year earlier, the data showed.

The authority's statistics indicated that the United States remained Taiwan's biggest buyer, while the Chinese mainland and Hong Kong bought a record high of 11.56 billion U.S. dollars in products from Taiwan, up 12.8 percent year on year.

The island's export orders are expected to continue to grow in the near future as holiday shopping will boost the demand for electronics, and the recovering global economy and rising raw material prices will lift commodity sales.