Taipei, July 22 (CNA) Taiwan is expected to see slower growth in export orders in the second half of 2025, following a strong performance in the first six months, ahead of U.S. tariff hikes, the Ministry of Economic Affairs said on Tuesday.<\/p>\n
While the export-oriented country will likely continue to benefit from exporting to overseas markets, July export orders are forecast to range between US$54 billion and US$56 billion — a year-on-year increase of 7.9 to 11.9 percent — according to Huang Wei-jie (\u9ec3\u5049\u5091), head of the ministry’s statistics department.<\/p>\n
That projection, though still positive, marks a sharp contrast with the first half of the year, during which Taiwan recorded a higher year-on-year growth of more than 15 percent in four out of six months.<\/p>\n
In January and March, Taiwan saw a 3 percent year-on-year decline and a 12.5 percent increase, respectively, while the remaining months posted strong growth ranging from 18.5 to 31.1 percent.<\/p>\n
Citing industry feedback, Huang attributed the robust demand in the first two quarters to pull-in momentum driven by the “reciprocal tariffs” announced by U.S. President Donald Trump in April, though the measures were delayed until August.<\/p>\n
“Some companies said the momentum has faded, while others told us it’s still continuing,” Huang said.<\/p>\n
On Tuesday, the ministry also released Taiwan’s June export order data, showing the second-highest June figure on record thanks to sustained global demand for artificial intelligence (AI) applications.<\/p>\n
Taiwan booked US$56.77 billion in export orders in June, a 24.6 percent increase from the US$45.56 billion recorded in the same month last year.<\/p>\n
It marked the fifth consecutive month of year-on-year growth, following a record-breaking May that saw orders reach US$57.93 billion.<\/p>\n
The country posted export orders worth US$171.1 billion in the second quarter and US$320.6 billion in the first half, up 20.9 percent and 16.6 percent year-on-year, respectively, the ministry said.<\/p>\n
According to ministry data, the product rankings remained unchanged, with AI and cloud-related demand driving orders for information and communication products — such as servers, networking devices, and graphics cards — to US$17.51 billion, up 37.4 percent from a year ago.<\/p>\n
That the figures beat projections made a month earlier was “beyond expectation,” Huang noted, adding that demand for AI-related products appears impervious to the pending U.S. tariffs.<\/p>\n
Meanwhile, Vice Premier Cheng Li-chiun (\u912d\u9e97\u541b) is set to depart for the U.S. for a fourth round of negotiations over the tariffs this week, amid rumors that the proposed rate has already been set at 32 percent — a claim the government has denied.<\/p>\n
Also in June, export orders for electronic products such as semiconductors and printed circuit boards reached US$20.98 billion, up 35 percent year-on-year.<\/p>\n
By contrast, traditional industries continued to struggle. Orders for rubber and plastic products fell 11.4 percent, while basic metals declined 10.2 percent.<\/p>\n
Looking ahead, Huang said another round of momentum could boost consumer electronics orders in August, as mobile phone brands typically unveil new models around that time.<\/p>\n
Still, the outlook will largely depend on the outcome of U.S. tariff decisions, “be it better or worse,” he added.<\/p>\n
(By Liu Chien-ling, Wu Kuan-hsien and Chao Yen-hsiang) <\/p>\n
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