Wednesday, July 16, 2025
  • English
  • Marathi
No Result
View All Result
Daily PRABHAT
  • Home
  • Latest News
  • National
  • International
  • Entertainment
  • Politics
  • Sports
  • Business
  • More
    • Health
    • Lifestyle
    • Technology
    • Science
Daily PRABHAT
No Result
View All Result
  • Home
  • Latest News
  • National
  • International
  • Entertainment
  • Politics
  • Sports
  • Business
  • More
Home Business

Taiwan’s May exports reached a record high level, boosted by new tech

by Digital Desk
4 weeks ago
in Business
A A
Taiwan’s May exports reached a record high level, boosted by new tech
Share on FacebookShare on Twitter

Representative Image

Taiwan [Taiwan], June 20 (ANI): Taiwan’s export orders in May reached a record high for the month, boosted by continuously expanding global demand for artificial intelligence (AI) applications, said the Korea’s Ministry of Economic Affairs (MOEA), as reported by The Korea Herald.

Statistically, Export orders experienced a year-on-year growth of 18.5 per cent at USD 57.93 billion, marking the fourth consecutive month of annual growth.

Additionally, AI and cloud industry demands drove orders for information and communication products, including servers, networking devices and display cards, to a total of USD 18.2 billion, marking a record high for the month and year-on-year growth of 29.5 per cent.

Taiwan’s export orders for electronic products, like semiconductors and printed circuit boards, hit a record high of USD 21.57 billion, surging 27.7 per cent year-on-year, propelled by demand for AI and high-performance computing.

However, traditional industries faced a downturn, with orders for chemical products dropping 17.4% and rubber/plastics falling 14.3% from the previous year.

Huang Wei-jie, acting head of the Ministry of Economic Affairs’ (MOEA) Department of Statistics, attributed this decline to China’s slow recovery and overcapacity, which led to product dumping and eroded orders for Taiwanese firms.

Looking ahead, export order sentiment suggests a decline in June. Companies across traditional industries, electronics, and information and communication sectors are reporting a slowdown in advance orders. Server manufacturers anticipate a dip in June due to typical product line transitions.

While consumer product orders, especially for textiles, are strong due to stocking for second-half sales events, broader uncertainties loom. The upcoming July 9th end of the 90-day “reciprocal tariffs” suspension and unclear U.S. tariff policies are creating economic uncertainty, potentially impacting investment and consumption. Both the Central Bank and the Directorate-General of Budget, Accounting and Statistics forecast weaker economic conditions in the second half of 2025. (ANI)

ShareTweetSendShareSend

Latest News

Gujarat becomes first state in India to launch Tribal Genome Sequencing Project

Canada-based NRI arrested in hit-and-run case that killed 114-yr-old marathon legend Fauja Singh

Uttarakhand CM Dhami joins Harela festival tree plantation drive in Dehradun

“Had to work on my body language”: Vaani Kapoor how she prepared for her character in ‘Mandala Murders’

Dheeraj Kumar cremated in Mumbai; Ashoke Pandit, Tina Ghai pay last respects

A Legacy Reimagined: Cca Returns To Delhi’s Art Scene Across Three Generations

Amdark Limited Launches Comprehensive Investment Fraud Recovery Program to Combat online Scam

Crafting Excellence Since Inception: The Legacy and Vision of Shubh Developers in Pune’s Real Estate Landscape

Subhankar Sen Takes Over as Director (Marketing) At Bharat Petroleum Corporation Limited

Laundrywala is Transforming India’s Laundry Industry with Technology and Franchise Expansion

Representative Image

Taiwan [Taiwan], June 20 (ANI): Taiwan's export orders in May reached a record high for the month, boosted by continuously expanding global demand for artificial intelligence (AI) applications, said the Korea's Ministry of Economic Affairs (MOEA), as reported by The Korea Herald.

Statistically, Export orders experienced a year-on-year growth of 18.5 per cent at USD 57.93 billion, marking the fourth consecutive month of annual growth.

Additionally, AI and cloud industry demands drove orders for information and communication products, including servers, networking devices and display cards, to a total of USD 18.2 billion, marking a record high for the month and year-on-year growth of 29.5 per cent.

Taiwan's export orders for electronic products, like semiconductors and printed circuit boards, hit a record high of USD 21.57 billion, surging 27.7 per cent year-on-year, propelled by demand for AI and high-performance computing.

However, traditional industries faced a downturn, with orders for chemical products dropping 17.4% and rubber/plastics falling 14.3% from the previous year.

Huang Wei-jie, acting head of the Ministry of Economic Affairs' (MOEA) Department of Statistics, attributed this decline to China's slow recovery and overcapacity, which led to product dumping and eroded orders for Taiwanese firms.

Looking ahead, export order sentiment suggests a decline in June. Companies across traditional industries, electronics, and information and communication sectors are reporting a slowdown in advance orders. Server manufacturers anticipate a dip in June due to typical product line transitions.

While consumer product orders, especially for textiles, are strong due to stocking for second-half sales events, broader uncertainties loom. The upcoming July 9th end of the 90-day "reciprocal tariffs" suspension and unclear U.S. tariff policies are creating economic uncertainty, potentially impacting investment and consumption. Both the Central Bank and the Directorate-General of Budget, Accounting and Statistics forecast weaker economic conditions in the second half of 2025. (ANI)

No Result
View All Result
  • Home
  • Latest News
  • National
  • International
  • Entertainment
  • Politics
  • Sports
  • Business
  • More
    • Health
    • Lifestyle
    • Technology
    • Science