Taiwan's May Export Orders Surge 47% to Nearly US$90 Billion

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By TaiwanPlus

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Taiwan's export orders for May jumped more than 47% year-on-year to nearly US$90 billion, driven by strong AI-related demand for tech hardware. Machinery orders also rose sharply as semiconductor firms expanded capacity, though display panels, plastics and rubber products saw declines on weaker demand.

Export Orders Surge in May

 

REPORTER:  

Taiwan's export orders surged more than 47 percent from a year earlier in May, hitting 89.48 billion US dollars.

 

The gains were again led by the information and communication technology and electronics industries riding strong AI demand. US buyers placed a record 36.39 billion US dollars in orders, up 63.9 percent year-on-year. In the traditional industries, machinery orders jumped over 22 percent as semiconductor firms rushed to expand capacity. However, display panels, plastics and rubber all slid on weakening demand.

Economy