ING analysts believe Taiwan’s external demand due to technology exports remains a key growth driver. He expects export orders to remain very strong despite year-on-year rate softening. Strong high-tech product prices are supporting headline export values and overall growth, although they also raise import costs, reducing some of the positive impact on Taiwan’s trade balance.
Export orders remain exceptionally strong
“Taiwan releases its export orders data.”
“We expect orders to decline by 54.3% year-on-year, which remains a very strong reading.”
“Export orders started the year very strongly, suggesting that Taiwan’s external demand-driven growth will continue.”
“High-tech product prices have been a major headwind, even though they have also driven up import costs.”
(This article was created with the help of an artificial intelligence tool and reviewed by an editor.)
