Taiwan’s exports grew for the 25th month in July

Taiwan’s Ministry of Finance said Taiwan’s exports rose for the 25th consecutive month in July, driven by demand for technology products exported to China.

At the same time, the government said that while the outlook for semiconductor exports was good, it warned of growing uncertainty in the global economy.

Export sales increased 14.2% year-on-year in July to $43.32 billion. This was the second highest monthly export value, compared to 15.2% in June.

Exports to China, Taiwan’s main trading partner, rose 3% year on year to $16.04 billion. After contracting by 4.5% in June, it benefited from China’s easing of the COVID-19 embargo.

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