Taiwan's export order growth falls short of expectations

Taiwan export orders in 2024/6 were 45.56 billion US dollars, up 3.1% from the same month last year, falling below market expectations of a 12.5% increase, and decelerating from a 7% increase in the previous month.

The causes of the rapid deceleration are chemical products (9.5% increase compared to 17.1% increase in May), plastics and rubber (2.7% increase compared to 8.6% increase),Electronic products (6.3% increase compared to 9.2% increase), information and communication products (3.6% increase compared to 11.4% increase)This is due to an easing in demand for optical/photography/film equipment (5.8% increase compared to the same 7% increase).

Meanwhile, textile products (6.8% decrease, 6.1% decrease),Electromechanical Products (down 3.4%, down 6.7%)Transportation equipment (6.3% decrease, 12.3% decrease) declined.

Among major trading partners, demand for the United States (3.7%), Hong Kong/China (3.5%), ASEAN countries (0.2%), and Europe (6.3%) increased, and demand for Japan (down 9.2%) declined.

Source: Ministry of Economic Affairs of the Republic of China