Trucks drive near containers at Keelung port, northern Taiwan, October 30, 2015. REUTERS/Pichi Chuang/File Photo
TAIPEI, Sept 22 (Reuters) – Taiwan’s export orders likely rose in August for the 18th consecutive month, a Reuters poll showed on Wednesday, buoyed by sustained demand for technology products during the COVID-19 pandemic and ahead of the year-end holiday shopping season.
The median forecast from a poll of 18 economists expects export orders to jump 20.7% from the year-ago period. Forecasts for growth ranged from 18% to 24.5%.
Taiwan’s export orders are a leading indicator of demand for hi-tech gadgets and Asia’s exports, and typically lead actual exports by two to three months.
The island nation’s export orders, a bellwether of global technology demand, rose 21.4% in July to $55.3 billion year-on-year. read more
Taiwan’s manufacturers, such as the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), , are a key part of the global supply chain for technology giants including Apple Inc (AAPL.O).
The data for August will be released on Friday.
Poll compiled by Carol Lee; Reporting by Ben Blanchard, Editing by Sherry Jacob-Phillips
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