Taiwan recorded a larger-than-expected increase in export orders in June, ahead of the latest pause in US import tariffs. Demand for technology and AI products continued unabated for the island nation.
The Taiwanese Ministry of Economy announced that export orders in June increased by 24.6 percent year-on-year to $56.77 billion. This marks the fifth consecutive monthly increase, exceeding analysts’ expectations of a 22.9% rise.
Export orders from Taiwan, home to the world’s largest chipmaker TSMC and other technology companies, are considered a key indicator of global technology demand.
Trade-oriented Taiwan is concerned that its export performance could be negatively impacted this year if US President Donald Trump implements his plans to impose broad import tariffs.
Trump announced tariffs worldwide in April, followed by a 90-day period He postponed it. Following the expiration of this period, Trump announced new tariffs effective August 1, but no announcement has yet been made regarding additional tariffs on Taiwan. The Ministry stated, “Uncertainty in trade policies and geopolitical risks continue to limit the performance of global trade,” noting that the increase in orders was supported by artificial intelligence and high-performance computing technologies. The Ministry also announced that it expects export orders in July to increase by 7.9 to 11.9 percent year-on-year. Taiwan’s orders for telecommunications products in June increased by a certain percentage year-on-year. While overall, orders for electronic products rose by 37.4%, and by 35%.
Orders from China increased by 15.4%
In May, this rate showed a decrease of 2.4 percent.Orders from the US increased by 34.8 percent, compared to 40.1 percent in the previous month.
Orders from Europe increased by 2.2 percent in June, while orders from Japan rose by 38.5 percent.
