Taiwan's export orders fell 2.1 percent from a year earlier to USD 47.7 billion in November 2018, following a 5.1 percent rise in the previous month and worse than market expectations of a 0.3 percent decline. Demand decreased for electronic products (-3.5 percent), optical, photographic, cinematographic apparatus (-9.4 percent), basic metals (-5.9 percent) and plastics & rubber (-7.7 percent). Orders for information & communication products were unchanged. Demand from China slumped 8.9 percent and that from Europe dropped 5.7 percent. Meanwhile, there were increases in orders from the US (5.4 percent) and Japan (0.1 percent). New Orders in Taiwan averaged 18495.71 USD Million from 1984 until 2018, reaching an all time high of 48986 USD Million in October of 2018 and a record low of 2278 USD Million in February of 1985.
New Orders in Taiwan is expected to be 41300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Orders in Taiwan to stand at 42050.00 in 12 months time. In the long-term, the Taiwan Export Orders is projected to trend around 44000.00 USD Million in 2020, according to our econometric models.