Reported 8 months ago
The latest data released by the Ministry of Economic Affairs shows that export orders in May reached $48.89 billion, a 7% increase from the previous year, exceeding expectations. The growth is attributed to increased demand in high-performance computing, AI, cloud industries, and the replenishment of inventory by downstream customers. The ministry predicts a continuous quarterly growth trend in export orders, with June orders expected to range between $49 billion and $51 billion, a year-on-year increase of 10.9% to 15.4%. Various sectors such as information and communication products, chemicals, and plastics are experiencing growth due to factors like inventory replenishment and price increases in raw materials. The outlook remains positive for the export industry, driven by advancements in efficient computing, AI applications, and Taiwan's competitive advantage in semiconductor and server supply chains.
Source: YAHOO