Taiwan's Export Value Up 5th Straight Month to US$26.8B. in June

Taiwan's export value rose a minimal monthly  0.5% or annually 1.2% to US$26.8 billion in June, up for the fifth consecutive month, according to the statistics released by the Ministry of Finance (MOF).

M.T. Yeh, director general of the Department of Statistics under the MOF, predicts that the export in July will continue to rise and the annual export growth in Q3 will likely reach the goal of over 5%.

In H1 the island's export value totaled  US$153.3 billion, up 2% year on year. It's noteworthy that the exports in Q2 hit a 12-quarterly high of US$80.07 billion for an annual rise of 2.88%, higher than the 2.73% estimated earlier by the Directorate General of Budget, Accounting and Statistics (DGBAS).

The DGBAS forecasts that the export value will reach US$80.01 billion in Q3 and US$81.65 billion in Q4.

Among all the exports electronic products showed the highest year-on-year growth of 9.9% in June, with the export value of such  products totaling US$47.02 billion in H1, for a sizable 12.4% YoY growth, with ICs, solar-powered batteries, storage media, and LEDs all posting double-digit growths.

In June the exports of machines jumped 12.7% from a year earlier to US$1.92 billion thanks to growing market demand in the U.S., Europe and ASEAN (Association of Southeast Asian Nations). Among the machines, machine tool exports rose the highest of 13.3%, with Yeh saying that a positive correlation exists between rising machine exports and buoyant  business climate.

In H1, the exports of chemicals, basic metals and machines rose 4% to 8%, with those of  optical devices, mineral products and ICT items dropping 16.4%, 14.9% and 15.2%, respectively. (JL)