Taiwan Exports Rise Less Than Expected

Exports from Taiwan surged 32.9% year-on-year to USD 75.3 billion in July 2026, easing from a 40.3% jump in June and missing market expectations of a 40.7% increase. Growth was driven by strong demand for electronic products, with shipments rising 50.5%, while exports of information and communication products increased 29.5%. The US remained the largest export destination, accounting for 31% of total shipments, with exports rising 25.2%, followed by Mainland China and Hong Kong, where shipments increased 33.4%. Exports continued to benefit from robust demand for AI and high-performance computing applications, supporting shipments across Taiwan's semiconductor and AI hardware supply chains. The Ministry of Finance expects exports to grow 31%-35% year-on-year in August. In the first seven months of 2026, total exports reached USD 493.0 billion, up 44.7% from the same period a year earlier.

Exports from Taiwan surged 40.3% year-on-year to USD 74.8 billion in June 2026, slowing from a 51.7% jump in May and falling short of market expectations for a 48.6% increase. Despite the moderation, export growth remained robust, underpinned by strong global demand for semiconductors and electronic products. Among major export categories, shipments of information, communication and audio-video products continued to lead gains (72.3%), followed by parts of electronic products (32.8%), machinery (14.8%), and mineral products (20.0%). By contrast, exports of base metals and related products declined (-1.3%). Exports to all major trading partners posted solid growth, with particularly strong increases to the US (34.8%), Mainland China and Hong Kong (22.2%), ASEAN economies (47.1%), Europe (48.4%), Japan (17.7%), and South Korea (31.8%). For the first half of 2026, Taiwan's total exports reached USD 416.7 billion, marking a 47.1% increase from the same period a year earlier.

Exports from Taiwan surged 51.7% year-on-year to USD 78.5 billion in May 2026, accelerating from 39% in the previous period and comfortably surpassing market expectations of 37.9%. Shipments were broadly strong across key export categories, particularly information, communication and audio-video products (75.2%), electronic product parts (56%), machinery (22.7%), base metals and articles of base metals (1.6%), and electrical machinery products (33.4%). All major trading partners recorded solid gains, including the US (47.9%), Mainland China and Hong Kong (35.4%), ASEAN countries (90.8%), Europe (40.3%), Japan (32.3%), and Korea (43.3%). For the first five months of the year, total exports reached USD 341.8 billion, a 48.7% increase compared to the same period a year earlier.