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Taiwan's export orders up 8.3 pct in August

Xinhua, September 22, 2016 Adjust font size:

Taiwan's export orders saw year-on-year growth of 8.3 percent in August, ending 16 months of contraction, data released by the island's economic department showed on Thursday.

Export orders in the month stood at 37.9 billion U.S. dollars, according to the department, which cited high demand for new mobile products and rebounding oil prices in the global market as factors affecting the increase.

According to the department, the number of orders for electronic products was up 16.5 percent in the month, the highest among all products, compared with the same period last year. Meanwhile, orders for parent metal, chemicals, machinery and rubber products also increased.

The department said export orders from the United States, the Chinese mainland and European countries posted growth in the month while orders from Japan slipped.

The department forecast the orders for products, including electronics, chemicals and rubber products, would continue to grow in September as the sales of mobile products enter high season and oil and steel prices are expected to continue to rebound. Endi