Reported 8 months ago
The Ministry of Economic Affairs reported that May's export orders reached $48.89 billion, slightly exceeding expectations with a 7% year-on-year increase, marking the third consecutive monthly growth. The orders were driven by the growing demand for high-performance computing, artificial intelligence, and cloud industries, along with downstream customers replenishing inventory and rising raw material prices. Emerging tech applications led to an increase in orders for information communication and electronic products by 11.4% and 9.2% respectively, while optical equipment saw a 7% increase. Traditional sectors such as chemicals and rubber products also experienced growth due to inventory restocking and rising material prices. Meanwhile, basic metals and machinery saw decreases due to varying global economic recoveries and cautious investment in equipment. Overseas production accounted for 47.7% of May's export orders, down by 1.8 percentage points from the previous year, largely due to increased domestic production by information communication product manufacturers.
Source: YAHOO