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April export orders +10.8% y/y vs +4.5% Reuters poll
forecast
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Orders from China +16.3% y/y vs +7.7% in prior month
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Ministry sees May orders between +1.8% and +6.2% y/y
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Ministry expects chips, AI to boost orders momentum
By Roger Tung and Faith Hung
TAIPEI, May 20 (Reuters) - Taiwan's export orders rose
more than expected and at the quickest pace in two years in
April, with the government optimistic about the potential future
demand for the island's tech products from the growing
artificial intelligence industry.
Export orders last month jumped 10.8% from a year earlier,
the biggest leap since March 2022, to $47.1 billion, the economy
ministry said on Monday, topping the 4.5% gain forecast in a
Reuters poll. Orders had edged up 1.2% in March.
Orders for goods from Taiwan, home to tech giants such as
chip manufacturer TSMC, are a bellwether of global
technology demand.
The ministry cited risks ahead including the impact of high
interest rates in the United States and Europe, China-U.S. trade
disputes and broader geopolitical uncertainty.
Despite those risks, "high-performance computing and
accelerating expansion of new applications such as AI boost
solid demand for our semiconductor and servers supply chain,"
the economy ministry said in a statement.
"That is expected to boost growth momentum of export
orders."
Looking ahead, the ministry said it expects that export
orders in May would rise between 1.8% and 6.2% on-year.
Taiwan's orders in April for telecommunication products rose
8.4% from the prior year, while electronic products jumped 22.7%
on year, it said.
Orders from China rose 16.3% versus a 7.7% jump in the prior
month. Orders from the United States were up 11.8%, improving
from a 2.2% decline logged in March.
Orders from Europe slipped 0.2%, also improving from March's
6.2% fall.
From Japan, orders dropped 10.5% last month, versus a
contraction of 18% in March.
(Reporting by Faith Hung and Roger Tung; Editing by Emelia
Sithole-Matarise)