|
The
Finance Ministry said it expects stable growth in exports for
the first half of the year, adding demand created by new
technologies reliant on AI and high-performance computing would
offset the impact of high interest rates and geopolitical
tensions on the global economy.
Exports climbed 4.3% from a year earlier to $37.5 billion,
gaining for a sixth straight month, data showed on Wednesday.
That was below a forecast of 10.2% in a Reuters poll and an
18.9% gain in March.
The ministry predicted that exports in May could rise between 7%
and 10% from a year earlier.
Exports to the United States leapt 81.6% to $10.2 billion,
compared with a 65.7% surge in March. Taiwanese firms such as
TSMC, the world's largest contract chipmaker, are major
suppliers to Apple, Nvidia and U.S. tech giants.
The value figure for exports to the U.S. was not too far off the
$11.3 billion worth of exports to China. Shipments to China
tumbled 11.3% in April from a year earlier versus the prior
month's 1.3% drop.
Taiwan's total shipments of electronic components fell 17.7% in
April from a year earlier to $12.95 billion, with semiconductor
exports sliding 18.8%.
Taiwan's imports rose 6.6% to $31.0 billion in April. That
compared with economists' forecasts for a 7.6% gain.
(Reporting by Faith Hung and Emily Chan; Editing by Edwina
Gibbs)
[© 2024 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
