Reported 10 months ago
Taiwan's Ministry of Finance announced that in May, exports reached $37.36 billion, marking a 3.5% year-on-year increase, the seventh consecutive month of growth but falling short of expectations mainly due to AI opportunities. Q1 exports grew by 12.9% while imports also increased by 3%. The demand recovery is yet to be widespread, but the application of emerging technologies like AI continues to drive opportunities. Certain product categories like ICT and audio-visual products experienced a boom in demand, while traditional sectors like textiles and chemicals saw growth due to inventory replenishment and order momentum. Looking ahead, despite global economic uncertainties, the ministry remains optimistic about Taiwan's export momentum supported by improvements in end-demand, ongoing tech opportunities, and local semiconductor industry strengths.
Source: YAHOO