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TAIPEI- Taiwan’s May export orders grew less sharply than expected but the government said the outlook for the island’s tech goods remains strong on sustained demand for telecommuting products during lockdowns worldwide to contain the COVID-19 pandemic.
Demand for smartphones from technology firms such as Apple Inc also fueled orders, but was not as strong as had been expected.
Taiwan’s export orders, a bellwether of global technology demand, jumped 34.5 percent from a year earlier to $52.29 billion in May, data from the Ministry of Economic Affairs showed on Monday.
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