Thursday, April 24, 2003
Taiwan's export orders from the United States declined in March as a result of the war with Iraq, although the orders are expected to pick up again in the war's aftermath.
Export orders from the U.S. dropped 8.4% from a year ago to $3.75 billion last month, making it the only trading partner among Japan, Europe, and Asia that showed such a decline, Taiwan's Ministry of Economic Affairs said at a press conference.
U.S. orders for information and telecommunications products reached $960 million, while electronics products were at $630 million. Export orders for the previous month are usually an indicator of actual shipments in the current month, the ministry has said.
"Orders from the U.S. have dropped because of the war," said Chang Yaw Tzong, chief of statistics at the ministry. "But we expect orders to rise in April due to the reconstruction of Iraq."
Taiwan is one of the world's biggest suppliers to OEMs of PCs, laptops, pure-play foundry services, and TFT-LCD panels.
Orders from Hong Kong climbed 11.39% from March 2002 to $3.05 billion, with most of the gains contributed to information, telecommunications, and electronics products, the ministry said.
Those three product categories also represented most of the orders from Japan, which placed orders totaling $1.28 billion with Taiwanese companies in March.
Orders received from European buyers rose 7% in March to $2.01 billion from a year earlier.
By: DocMemory
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