Taiwan New Orders

Orders for Taiwanese exports rose 12.5% year-on-year to USD 53.0 billion in March 2025, easing from a 31.1% surge in February and falling short of market expectations of a 15.3% increase. The slower growth was mainly due to a softer rise in export orders for electronic products (21.8% vs 48.6% in February), machinery (2.3% vs 13.4%), electrical machinery (11.1% vs 28.8%), and ICT products (11.4% vs 31.8%). Demand growth also moderated for optical and photographic products (10.4% vs 16.6%), while orders declined for chemicals (-8.7% vs 6.7%), plastics (-6.1% vs 6.8%), textile products (-6.7% vs 19.5%), basic metals (-3.8% vs 3.2%), and mineral products (-6.5% vs 4.8%). In contrast, only transport equipment showed an acceleration in growth (15.4% vs 15.1%). By region, export orders increased from the US (+30.7%), ASEAN countries (+26.3%), and Japan (+21.9%), while declining from Europe (-8.3%) and China including Hong Kong (-5.3%).