Taiwan’s exports grew more than expected to reach a monthly record of $58.5 billion, underscoring demand for the archipelago’s tech goods despite new US tariffs.
Total sales abroad rose 34.1% in August from a year earlier, compared with a gain of 42% in July, the Finance Ministry said in a statement on Tuesday. That was far higher than the 25% median estimate of 15 economists surveyed by Bloomberg.
“This is quite a remarkable performance,” said Bumki Son, an economist at Barclays Bank PLC. “The August print paves the way for sequential improvements in exports into the third quarter.”
