Taiwan December Export Orders Hit Record High, Warns On Supply Chains

01/20/2022

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Reuters

Taiwan’s export orders grew faster than expected in December to a record high due to sustained technology demand, but the government warned of supply chain uncertainty that could affect the outlook.

Taiwan’s export orders, a bellwether of global technology demand, rose 12.1% from a year earlier to $67.9 billion last month, the highest monthly figure on record, data from the Ministry of Economic Affairs showed on Thursday.

That marked the 22nd straight month of expansion, with the pace much faster than the median forecast for a rise of 8% in a Reuters poll.

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