Taiwan's export orders likely rose in April for the 14th month in a row, a Reuters poll showed, buoyed by strong sustained demand for technology products during coronavirus-induced lockdowns.
FILE PHOTO: Trucks wait to be loaded on with containers at a port in Keelung, Taiwan, June 10, 2020. REUTERS/Ann WangTAIPEI: Taiwan's export orders likely rose in April for the 14th month in a row, a Reuters poll showed, buoyed by strong sustained demand for technology products during coronavirus-induced lockdowns.
The median forecast from a poll of 12 economists expects export orders to rise 32.6per cent from the year-ago period. Growth forecasts ranged from a growth of 25per cent to up to 38.8per cent.Taiwan's export orders are a leading indicator of demand for Asia's exports and for hi-tech gadgets, and typically lead actual exports by two to three months.
The region's export orders, a bellwether of globaltechnology demand, jumped 33.3per cent from a year earlier to US$53.66 billion in March. Taiwan's manufacturers, such as the world's largest contract chip maker Taiwan Semiconductor Manufacturing Co Ltd, are a key part of the global supply chain for technology giants like Apple Inc.
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