Taiwan export orders likely supported by rising tech demand

Taiwan is scheduled to release March export orders data on 20 April. Tech orders are expected to have seen double-digit growth in March amid rising demand for the latest mobile gear and technology. 

This should alleviate rising concerns over relatively weak export sales during February-March. Meanwhile, export orders for petrochemicals and plastics and rubbers are likely to have stayed soft due to falling global oil prices. 

The latest data on orders should show that a US recovery continues to support Taiwan's export sales, although the near-term outlook is likely to be dampened by slowing growth momentum in China.

"We believe export orders likely grew by 1.5% y/y, reversing the 2.7% y/y decline in February", Said Standard Chartered in a report on Friday