Taiwan’s export orders soared for 4 months in a row

Here are the key regions which drove the momentum.

According to BBVA Research, Taiwan’s December export orders grew for a fourth straight month on an over-year basis, increasing by 8.5% y/y (consensus: 10.0% y/y) after a strong pickup in November (11.1% y/y).

Here’s more:

On balance, export orders showed a marked improvement in Q4 compared with the first three quarters of 2012 (7.6% y/y in Q4 vs. -1.1% y/y from Jan-Sep). Orders for information & communication products grew by double-digit rates, on a surge in demand from Europe. For the whole year of 2012, orders from ASEAN, the US and Europe reached all time highs in value terms. Looking ahead, export orders are expected to improve further in 2013 given an expected recovery in external demand.