Taiwan Export Orders Rise 12.5%

(RTTNews) - Taiwan's export orders increased for the second straight month in March, according to data released by the Ministry of Economic Affairs on Tuesday.

Export orders rose 12.5 percent year-over-year in March, much slower than the 31.1 percent surge in February. The expected growth was 15.25 percent.

Orders for electronic products grew the most, by 21.8 percent, and those of transport equipment increased by 15.4 percent. Meanwhile, orders for chemicals dropped by 8.7 percent.

On a monthly basis, export orders rose at a faster pace of 7.3 percent in March versus 5.3 percent in February.

In New Taiwan dollar terms, export orders expanded 17.1 percent annually, and they increased by 7.8 percent monthly in March.