Taiwan's August export orders seen surging about 63% from a year earlier
The forecast would extend an AI-driven export boom that has run for 18 straight months of year-on-year growth.
Published
Taiwan's export orders for August are expected to have risen around 63% from a year earlier, according to the forecast, with the unemployment rate projected at 3.30%.
The figure would follow a run of AI-fuelled gains. Export orders hit a single-month record of $97.94bn in July, up 61.9% year-on-year, marking 18 consecutive months of growth, Taiwan News reported, citing the Ministry of Economic Affairs. Orders for ICT products, including servers, rose 89.5% that month, and electronics including thermal components climbed 71.7%, both driven by AI applications, according to the Taipei Times, also citing the ministry. In June, orders had reached $95bn, up 59% year-on-year, Taiwan Business TOPICS reported.
The ministry's July report had already forecast August orders between $97bn and $99bn, a rise of 61.4% to 64.8% year-on-year, according to Focus Taiwan. The 63% figure now expected sits within that range.
A 63% surge would align with the AI-driven momentum already supporting Taiwan's equities and its currency, reinforcing the case for continued strength in chip-related demand. An unemployment rate of 3.30% would point to a stable domestic economy, removing one potential headwind to the bullish narrative around semiconductor and technology exports that has been driving recent market optimism.