Taiwan Exports Hits Record Level as Strong Demand for iPhone 6 and other Consumer Gadgets is Seen
Export orders in Taiwan hit a record level in 2014 and the momentum could even push forward this year as a strong demand is seen for Apple’s iPhone 6 along with other consumer gadgets. Although demand in the Chinese mainland the biggest trade partner remains uncertain since its economic growth is at its cool down point and is facing a challenge to the island own trade and economic prospects.
Orders have increased by 6.7 percent last year and December orders have risen better than what was expected compared to a year earlier since it hit the 1.6 and above percent growth forecast, but slower than the November 6 percent. Orders for information communications goods in December which is Taiwan’s main driver hit a record level growing at 14.7 percent. Order from the U.S. and Europe increased by 12.8 and 9.7 percent respectively and order from the Chinese mainland slipped down 1.1 percent for the second month in a row.
Orders will only get s strong demand or a boost of shipment coming from handheld and wearable devices which is paired by the strong demand for mid to low priced smartphones from emerging markets. Taiwan which is the headquarters for component suppliers for Sony Corp, Apple and other global names handles orders in factories based in the mainland then exports of the final goods from the mainland to consumers around the globe.