Taiwan's exports surged 3.6% in August
Here's what boosted this growth.
According to BBVA Research, Taiwan August exports rebound (Aug: 3.6% y/y; consensus: 4.0% y/y) from a softened reading in July (1.6% y/y), thanks to rising demand for electronic products and chemicals.
Here's more:
While the outturn is less impressive than Korea’s August rise of 7.7% y/y and China’s 7.2% y/y, Taiwan is benefiting from improving external demand across its major export markets (China/HK, ASEAN and the US).