Taiwan’s total export orders in April 2020 increased by 2.3pc to $38.5mn compared to April 2019, according to the country’s Ministry of Economic Affairs.
However, export orders for base metals in April this year dropped by 20.8pc to $1.73bn from $2.1bn in April 2019 and fell by 14.7pc from $2bn in March 2020. In the period of January-April 2020, Taiwan’s base metals export orders decreased by 10.1pc to $7.7bn from $8.6bn during the same period last year.
Taiwan’s export orders for machineries dropped by 13.6pc to $1.5bn in April 2020 compared to $1.76bn in April last year, and declined by 15.1pc from $1.8bn in March 2020. The country’s export orders during the first four months of the year fell 4.8pc to $6.3bn from $6.6bn in the previous year.
Export orders for mineral products declined by 68.9pc to $314mn in April 2020 from $1bn in the same month last year and fell by 46.4pc from $585mn in March 2020. Export orders for machineries from January–April 2020 witnessed a 29.3pc fall to $3bn from $4.2bn during the same period in 2019.
However, Taiwan’s export orders of other products like electronics, electric machinery, and information and communication products increased leading to a rise in the country’s total export orders.