Taiwan export orders seen up

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    TAIPEI- Taiwan’s export orders likely rose in February for a 12th straight month, a Reuters poll showed, continuing to rocket ahead buoyed by on-going demand for technology products during coronavirus-induced lockdowns.

    According to the median forecast from a poll of 12 economists, export orders would rise 45.1 percent from the year-ago period. Growth forecasts ranged from 10.3 percent to as high as 57 percent.

    Taiwan’s export orders are a leading indicator of demand for Asia’s exports and for hi-tech gadgets, and typically lead actual exports by two to three months.

    Export orders, a bellwether of global technology demand, surged 49.3 percent to $52.72 billion in January.

    Taiwan’s manufacturers such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chip maker, are a key part of the global supply chain for technology giants such as Apple Inc.

    The data for February will be released on Monday.