Taiwan received export orders with a total value of US$28.872 billion in February 2011, decreasing by 16.21% on month but increasing by 5.32% on year, according to statistics released by the Ministry of Economic Affairs (MOEA) on March 21. The on-month drop was mainly because of the Lunar New Year vacation in early February, MOEA pointed out.
Electronic products and IT/communication products were the top two categories in terms of export order value for February, with the former generating US$6.862 billion and the latter US$6.739 billion respectively.
The value for January-February stood at US$63.331 billion, rising by 9.61% on year.
| Taiwan export orders: Breakdown of total value by main markets (US$b) |
| Market | February 2011 | January-February 2011 |
| Amount | Proportion | Y/Y | Amount | Proportion | Y/Y |
| China (including Hong Kong) | 7.369 | 25.52% | 2.70% | 16.578 | 26.18% | 5.16% |
| US | 6.498 | 22.51% | 16.91% | 14.127 | 22.31% | 17.48% |
| Europe | 5.088 | 17.62% | 5.30% | 11.090 | 17.51% | 10.94% |
| Japan | 3.151 | 10.91% | (10.41%) | 6.845 | 10.81% | (2.62%) |
Source: MOEA, compiled by Digitimes, March 2011