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TAIPEI - CHINA and Hong Kong have knocked-off the United States as the number one source for export orders following the release of annual figures on Wednesday, officials said.
The economic ministry said export orders from Hong Kong and China reached US$91.42 billion (S$132.10 billion) in 2007, surpassing the 84.53 billion registered from the United States.
'This was the first time that Hong Kong/China export orders topped the level of the US,' said Huang Ji Shih, head of the ministry's statistics department.
In 2007, Taiwan took in export orders worth US$345.81 billion, up 15.54 per cent from the year before. For December total export orders to Taiwan fell to US$31.02 billion from 31.89 billion in November.
Still, the December figure represents a 17.56 per cent increase from the same month a year earlier, compared with a 17.18 per cent year-on-year rise in the preceding month, the ministry said.
The ministry said December export orders from Hong Kong and China rose 23.53 per cent year-on-year to 8.24 billion while orders from the United States amounted to 7.52 billion, up 9.48 per cent year-on-year.
'The major contributors to our export orders last year were information technology and communications products as well as electronics devices,' Mr Huang said.
The ministry expects export orders in January to fall to around 30 billion from 31.02 billion in December 2007, blaming seasonal factors.
Mr Huang added that export orders in February may fall from January because there are fewer working days in the month and because of the Lunar New Year holidays. -- AFP
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