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Exports rose 16.8% on the year to a record $43.64 billion, the
finance ministry said on Monday, exceeding a rise of 7.35%
forecast in a Reuters poll and July's gain of 3.1%, to mark the
10th consecutive monthly rise.
"August's export value hit a record as business for AI and
high-performance computing continued to be strong, as well as
international brands stocking up on new products," the ministry
said in a statement.
The second half of the year should see a "gradual upward slope"
in growth as exports enter their peak season, the ministry has
said, pointing to the end-of-year holiday shopping season in
Western markets such as the United States and Europe.
Taiwan firms such as TSMC, the world's largest contract
chipmaker, are major suppliers to Apple, Nvidia and other tech
giants.
The ministry predicted exports in September could gain between
5% and 9% on the year.
In August, exports to the United States soared 78.5% to $11.89
billion, also a record high, compared with a gain of 70.3% in
July.
Shipments to largest trading partner China were up 1.0% versus
the previous month's slide of 13.5%.
Total shipments of electronic components edged up 0.1% in August
from a year earlier to $15.15 billion, with semiconductor
exports down 0.5%.
Imports rose 11.8% to $32.14 billion in August, missing
economists' forecasts for a gain of 15.0%.
(Reporting by Faith Hung and Emily Chan; Editing by Clarence
Fernandez)
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