SURPRISING PICKUP: China accounted for 38.7 percent of exports, its second-lowest total ever, and the US 13.9 percent, which was its highest in 13 years, Beatrice Tsai said
Date: Jul 09, 2019
By: Crystal Hsu / Staff reporter
The nation’s exports last month rose 0.5 percent to US$28.39 billion, a record for June, as demand for electronics gained momentum ahead of the launches of next-generation devices, the Ministry of Finance said yesterday.
The surprising pickup reversed seven consecutive months of decline, but the ministry hesitated to speculate on a recovery, saying that uncertainty lingers and most firms remain conservative in their outlook.
“It is premature to say, due to poor visibility, whether the pickup is an isolated occurrence or the sign of a stable uptrend,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said in a report.
Outbound shipments could go either way this month, as well as beyond that, depending on how the global economy unfolds, Tsai said. [FULL STORY]