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Taiwan’s Exports Continue Unabated

Taiwan’s exports continue to grow, with orders to the United States showing the biggest gains, jumping up US$790 million, or 9.3%, against March.

China (including Hong Kong) remained Taiwan’s top destination at US$10.22 billion, followed by the United States at US$9.29 billion, and the EU with US$6.47 billion in orders.

taiwan export orders

Both the electronics and chemicals sectors remained the driving force behind growth, up 5.0% and 8.7%, respectively, from the previous month.

The rise in electronics can be partially attributed to seasonal demand for smartphones. However, this trend is expected to only continue as many better quality, inexpensive phones are set to be launched in emerging markets.

For more on this, click here to head over to Taiwan Today.