Taiwan July exports misses forecasts on weak China demand, but U.S. soars
Recasts, adds ministry comments, updates throughout
Exports +3.1% y/y vs +6.13% forecast in Reuters poll
Exports to China -13.5% y/y (prior month +7.3%)
Exports to U.S. +70.3% y/y (prior month +74.2%) reach record $11.45 bln in July
Sees "gradual upward slope" in exports growth rate in H2 -ministry
By Jeanny Kao and Faith Hung
TAIPEI, Aug 8 (Reuters) -Taiwan's exports rose less than expected in July as weak demand from China offset record orders from the United States which underscored the island's essential role as a supply hub for the booming artificial intelligence (AI) industry.
Exports rose 3.1% from a year earlier to $39.94 billion, the finance ministry said on Thursday, but missed the 6.13% forecast in a Reuters poll and trailed a 23.5% gain in June. It was the ninth consecutive monthly rise.
Performance was softer than expected because the "global economic recovery has been mild and Typhoon Gaemi caused fewer days of productivity and temporary delays in delivery," the ministry said in a statement.
The second half of the year should see a "gradual upward slope" in growth as exports enter their peak season, the ministry said, adding that demand may be further boosted as AI applications expand into end-user products.
Taiwanese firms such as TSMC 2330.TW, TSM.N, the world's largest contract chipmaker, are major suppliers to Apple AAPL.O, Nvidia NVDA.O and other tech giants.
The ministry predicted exports in August could jump between 6% and 9% from a year earlier.
In July, exports to the United States jumped 70.3% to $11.45 billion, a record monthly high, compared with a 74.2% surge in June. Shipments to China - Taiwan's largest trading partner - were down 13.5% versus the previous month's 7.3% gain.
Total shipments of electronic components fell 12.0% in July from a year earlier to $13.73 billion, with semiconductor exports dipping 12.8%.
Imports jumped 16.2% to $35.1 billion in July, above economists' forecasts for a 11.2% gain.
Reporting by Jeanny Kao and Faith Hung; editing by Miral Fahmy
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
