Taiwan's June export orders surged 59.4% year-over-year, beating the 47% consensus estimate, as semiconductor demand from AI and 5G sectors accelerated into the second half.
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Taiwan's export orders jumped 59.4% in June from a year earlier, the Ministry of Economic Affairs said Tuesday, far exceeding the 47% growth economists had expected. The acceleration marked the strongest pace of expansion in months and signaled sustained global demand for Taiwanese semiconductors and electronics components.
The data came as a surprise after export order growth had slowed in May to 47% from 52% in April. June's rebound pushed the total value of orders above $60 billion, ministry data showed.
Orders for electronic components, Taiwan's largest export category, rose 66% year-over-year, driven by demand for advanced chips used in AI data centers and 5G infrastructure. Information and communications technology products, another key category, climbed 54%.
The ministry cited sustained demand from the U.S. and China, Taiwan's two largest markets, as well as from Europe. U.S.-bound orders rose 61%, while China-bound orders increased 55%.
Taiwan Semiconductor Manufacturing Co. (TSMC), the island's largest exporter, has been running its advanced fabrication plants near full capacity. The company last week reported second-quarter revenue that beat its own guidance.
Taiwan's export-dependent economy has benefited from a global semiconductor shortage that has persisted through the first half of the year, with chipmakers like TSMC and MediaTek raising prices and extending lead times.
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