Taiwan’s orders from mainland China increased by 38.9% year-on-year in the first three quarters of this year

China News Service, Taipei, October 20. The Taiwan authorities’ economic affairs department announced on the 20th that Taiwan’s export orders in the first three quarters of this year were US$819.2 billion, a year-on-year increase of 56%. Among them, orders from mainland China (including Hong Kong) were US$139.57 billion, a year-on-year increase of 38.9%.

According to press releases issued by the department and reports from Taiwanese media such as Central News Agency and Economic Daily, electronic products accounted for 42% of Taiwan’s export orders in the first three quarters of this year, with an order value of US$343.73 billion, a year-on-year increase of 66%; information and communication products accounted for 35.6%, with an order value of US$291.49 billion, a year-on-year increase of 87.6%.

Looking at September alone, Taiwan’s export orders amounted to US$114.21 billion, a year-on-year increase of 62.4%. Among them, the order value from mainland China (including Hong Kong) was US$18.21 billion, a year-on-year increase of 48.5%. Electronic products, information and communication products and optical equipment are the main product categories for orders from mainland China (including Hong Kong).

The department analyzed that the increase in the amount of export orders in September was mainly due to the booming development of applications such as artificial intelligence (AI), high-performance computing and cloud services, and the successive launch of new consumer electronics products, which led to continued strong demand in related supply chains. In addition, the increase in international raw material prices further pushed up the amount of export orders.

The department believes that global economy and trade are affected by uncertainty in geopolitics and international trade policies, but as various regions actively build AI infrastructure, it is expected to still provide impetus for the growth of Taiwan's export orders.