Taiwan July Export Orders Hit Record US$98 Billion
By TaiwanPlus
Taiwan’s export orders surged about 62% year-on-year to a record US$98 billion in July, extending growth for the 18th consecutive month. The increase was driven mainly by strong global demand for technology products amid the AI boom, while traditional sectors such as machine tools and metals also recovered from last year’s lull.
July Export Orders Record High
REPORTER:
Taiwan continues to ride high on the global AI boom, with export orders hitting a record high of around US$98 billion in July.
The economy ministry announced the figure, up about 62% from a year ago. It also marks one and a half consecutive years of growth, mainly driven by the tech sector. Traditional sectors such as machine tools and metals also posted growth, recovering from weak performance last year.
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Taiwan's Economy
REPORTER:
July export orders are up 62% year-over-year.
Taiwan continues to ride high on the global AI boom, with its latest export orders hitting a record high of around US$98 billion in July.
That represents 62% growth from a year ago, marking one and a half consecutive years of solid trade performance, mainly driven by the tech sector, particularly ICT and electronics products.
Traditional sectors such as machine tools and metals also posted growth, recovering from weak performance last year.
