Taiwan’s integrated circuit products exports reaches USD10 billion in June 2020
E200707Y8 | Jul. 2020（E248）
Ministry of Finance of Taiwan released the statistics of imports and exports for the period from January through June 2020, which reveals that Taiwan fared best among the Four Asian Tigers to be the only country among the four that experienced growth during that period. Taiwan outshined the other countries by its brilliant performance in exports of technological products, including electronic components products and information, communication and audiovisual products, the growth that canceled out the impact caused by the traditional industries and further curbed the heavy slump in export. Electronic components products and information, communication and audiovisual products are the two leading categories of exported commodities that reached their respective record high in export scale of the same period and saw their respective upward change rate at 20.2% and 10.3%. Also, the export amounts of the two categories of products made up 52.1% of the total amounts of exports, which also hits their record high in the same period.
It is noteworthy that the exports of electronic components products for June 2020 amounted to USD11.18 billion (its monthly record high), forming a 23.9% surge from last June and also a two-digit growth for seven consecutive months (excluding the time period of Lunar New Year). Among electronic components products, integrated circuit products post the strongest growth with exports of USD10.25 to demonstrate a 27.4% growth compared with the same month of 2019. Likewise, the same robust demand appeared for information, communication and audiovisual products, which was fueled by the stay-at-home economy, growing 13.8% to USD4.02 billion compared with the same month of 2019. (Released 2020.07.07)