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 widespread import tariffs.
Trump announced tariffs worldwide in April, followed by a 90-day He made a postponement. Following the expiration of this period, Trump announced new tariffs effective August 1st, 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 between 7.9% and 11.9% year-on-year. Taiwan’s orders for telecommunications products in June… While annual growth increased by 37.4 percent, orders for electronic products rose by 35 percent.
Orders from China increased by 15.4 percent 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.
