The Ministry of Economic Affairs announced that export orders fell by 1.1% year-on-year last year, interrupting positive growth for two consecutive years.

(Provided by the Ministry of Economic Affairs)

[Reporter Lin Jinghua/Report from Taipei] The Statistics Office of the Ministry of Economic Affairs announced today (31st) the export orders for December and the whole year last year. Affected by the high base period and the global economic slowdown, the export orders in December amounted to US$52.17 billion. Better than expected, but the annual decrease rate is still 23.2%, showing 4 blacks in a row; the annual export order amount is 666.79 billion US dollars, which is sure to be blacked out.

The Ministry of Economic Affairs announced that export orders in the fourth quarter were US$157.71 billion, a decrease of US$34.79 billion or 18.1% from the same quarter of the previous year.

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The amount of export orders last year was also released. In 2022, the amount of export orders will be US$666.79 billion, a decrease of US$7.34 billion from the previous year, with an annual decrease of 1.1%. The positive growth has been interrupted for two consecutive years, and the annual export orders will definitely turn black.

According to the analysis of the Statistics Office of the Ministry of Economic Affairs, the amount of orders in December was better than expected, mainly due to the unblocking of China, and the deferred effect of orders has fermented; in addition, although the demand for emerging technology applications continues, the global economy is affected by inflation and interest rate hikes, and terminal demand remains strong. Customers continue to make inventory adjustments, and the base period of the same month last year was relatively high.

Looking at the types of goods, the Statistics Office pointed out that the receipt of orders for major goods such as information and communication products, electronic products, optical equipment, basic metal products, machinery, plastic and rubber products, and chemicals were all affected by the weakening of terminal demand and the adjustment of inventory in the industrial chain. , with a decreasing annual growth rate.

The Statistical Office pointed out that in the first half of last year, thanks to emerging technology applications and digital business opportunities, coupled with the high oil price, the export orders in the first half of the year increased by 9.5% year-on-year. Weakness, customers continued to make inventory adjustments, resulting in a negative growth of 10.1%, and the cumulative export orders for the year were 666.79 billion US dollars. The annual growth rate was higher than the base period, and the annual growth rate was 1.1%.

According to the analysis of the Statistics Department, emerging applications such as 5G, high-performance computing, and automotive electronics continue to expand, and the demand for digital transformation continues. However, variables such as inflation, interest rate hikes, the war between Russia and Ukraine, and the US-China technology war continue to interfere with the growth of the global economy and trade. Fear of suppressing the performance of export orders, the follow-up development still needs to be closely watched.

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