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Taiwan export orders surge 20 percent in January
2006-02-23 01:29:03 THE ASSOCIATED PRESS

TAIPEI, Feb 23 (AP) -- Taiwan's January contracts for foreign shipments, or export orders, surged 20 percent from the same month last year on strong demand for information and communication products, the Ministry of Economic Affairs said Thursday.

Export orders in January rose to 719.83 billion New Taiwan dollars (US$22.11 billion; €18.57 billion), the ministry said.

The increase was higher than the average forecast of 18.8 percent in a Dow Jones Newswires survey, but lower than December's 24.2 percent increase from the same month one year earlier.

Orders for information and communications products in January grew 57.9 percent from the same month last year to NT$56.65 billion (US$1.74 billion; €1.46 billion), and electronics products orders rose 29.1 percent to NT$36.79 billion (US$1.13 billion; €949.4 million), the ministry said.

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