Asia Pacific

Taiwan Aug export orders seen rising for 18th consecutive month: Reuters poll

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Trucks drive near containers at Keelung port, northern Taiwan, October 30, 2015. REUTERS/Pichi Chuang/File Photo

  • For poll data click: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TWEXOR%3DECI
  • Orders median forecast +20.7% y/y (prior month +21.4%)
  • Data due Friday, Sept 24, 4:00 p.m. (0800 GMT)

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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