The statement released by the Ministry of Economic Affairs of Taiwan said that the country’s export orders in the last month hit an all time high mainly due to increasing demand for high-tech products.

During the last month, the country’s export orders stood at US$34.88 billion, a growth 23.30 percent as compared to the last year and a growth of 3.10 percent from the month of July, showing peak season for the international high-tech sector.

The ministry said that export orders showed deliveries 3 months in advance and are regarded as an important economic indicator.

The ministry officials announced that in August, export orders of information and communications products increased by 35.40 percent as compared to last year to US$8.52 billion on the back of sturdy demand for handsets and notebooks computers.

“Export orders of electronics products, such as semiconductor and electronics components, grew 27.15 percent from a year earlier to US$8.64 billion, while export orders of precision equipment rose 10.69 percent year-on-year to US$3.34 billion and export orders of base metal-related products gained 25.84 percent to US$2.28 billion,” the ministry added.

The ministry spokesperson further said that electronic products and information & communications products totaled to 49.20 percent of Taiwan’s total export orders during the last month.

Meanwhile, China and Unites States accounted for 48.7 percent of Taiwan’s total export orders in August of this year.