Taiwan: Tech exports sustain strong growth – ING

FXStreet Insights Team FXStreet

ING analysts see Taiwan’s external demand remaining a key growth driver, led by technology exports. They expect export orders to stay very strong, even as the year-on-year rate moderates. Robust higher-tech product prices are supporting headline export values and overall growth, although they also raise import costs, tempering some of the positive impact on Taiwan’s trade balance.

Export orders remain exceptionally strong

"Taiwan releases its export orders data."

"We expect orders to moderate to 54.3% YoY, which remains a very strong reading."

"Export orders opened the year quite strongly, suggesting that Taiwan’s external demand-driven growth is set to continue."

"Higher-tech product prices have been a major tailwind, even though they have also boosted import costs."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

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FXStreet Insights Team

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