Taiwan’s exports expanded by 8% in May, an eighth straight month of growth. That represented a third month of slowing growth, though it was better than expected by economists. Shipments to China and Hong Kong dragged, with an increase of just 6%. That was a slower rate than U.S.-bound export growth for the first time in nine months. Taiwanese exports of semiconductors climbed 14%, including a 34% jump in memory chips. Given they are the largest export lines to China, their growth suggests other buyers are becoming more important. That comes just in time as Chinese managers’ import expect...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.