Taiwan July exports jump, but uncertainty ahead

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(Corrects typo in headline)TAIPEI :Taiwan's exports rose in July on sustained demand for technology products with shipments to China picking up, and while the government said the outlook was good for semiconductors it warned of growing uncertainly for the global economy.Exports rose 14.2 per cent in J

TAIPEI :Taiwan's exports rose in July on sustained demand for technology products with shipments to China picking up, and while the government said the outlook was good for semiconductors it warned of growing uncertainly for the global economy.

The ministry attributed the growth pace to strong technology demand, especially for chips ahead of the year-end holiday shopping season, with supply chain problems easing. Many companies expect global chip shortages to last at least for the rest of the year, which will continue to bolster Taiwanese semiconductor firms' order books.

"The growth momentum is gradually becoming conservative, which is bound to affect our country's foreign trade situation," it added.

 

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