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Trade Trends News
2025-08-22
Driven by demand for technology products such as artificial intelligence, Taiwan's export orders rose for the sixth consecutive month in July. However, uncertainty in global trade continues to cloud the outlook.
The Ministry of Economic Affairs said on Wednesday that Taiwan's export orders in July increased 15.2% year-on-year to USD 57.64 billion, broadly in line with analysts' expectations of a 15% gain.
Home to the world's largest contract chipmaker TSMC and other major technology companies, Taiwan's export performance is widely regarded as a key barometer of global demand for tech products.
Yet the trade-dependent economy could face headwinds after U.S. President Donald Trump announced a 20% tariff on Taiwanese products.
The Taiwanese government described the 20% tariff as “temporary” and said it would continue negotiations with the U.S. to secure more favorable terms.
“Uncertainty in trade policy and geopolitical risks will weigh on global trade performance,” the ministry said in a statement.
Still, the momentum of Taiwan's export orders is expected to remain supported by expanding applications such as artificial intelligence and high-performance computing, with the second half of the year typically marking peak season ahead of Western year-end holidays.
The ministry projected that Taiwan's export orders in August would rise 10.5% to 14.5% from a year earlier.
In July, orders for telecom products increased 15.5% year-on-year, while electronic product orders surged 24.8%.
Orders from China rose 3.6%, slower than June's 15% gain.
Orders from the United States climbed 25.4%, following a 34.8% rise the previous month.
Orders from Europe grew 7.3%, while those from Japan were up 12.8%.
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