Taiwan posts record exports for December and 2021

22-Jan-2022 Intellasia | TaiwanNews | 5:02 AM Print This Post

Orders for Taiwanese exports totalled $67.9 billion in December, the highest of any month, while total exports for 2021 also hit a record high.

The December figure represents a 12.1 percent rise year-on-year, and the 22nd consecutive month of growth. Exports for last year came in at a record $674.1 billion, up 26.3 percent from 2020, according to a report of the Ministry of Economic Affairs (MOEA).

The trade surplus can be attributed to sustained demand for new tech applications amid an ongoing digital transformation as supply woes ease, the report suggested.

ICT products and electronics grew 12.7 percent and 12.2%, respectively, propped up by sales of 5G, high-performance computing applications, as well as laptops, mobile phones, and graphic cards. Metals, chemicals, and plastics also reported double-digit annual growth in December, up 24.9%, 19.1%, and 12.9%, respectively.

Orders from the US accounted for the lion’s share in terms of worth for 2021, exceeding $200 billion, which was also a record-high. American export orders were followed by China and Hong Kong, Europe, Southeast Asia, and Japan.



Category: Taiwan

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