Despite the strong performance so far this year, Taiwan’s statistics bureau expects exports to contract in the second half.

After a prolonged slump, Taiwan's machinery industry is showing signs of recovery, with export growth recorded for the fourth consecutive month. According to the latest data from the Taiwan Machine Tool and Accessory Builders' Association,

Taiwan's central bank is likely to maintain its policy interest rate this week and keep it steady through the first quarter of next year, given the strong performance of the tech-focused economy, according to economists in a Reuters poll.

Taiwan’s total exports of electronic components inched up by 28.4% in May of the year to $17.2 billion, with semiconductor exports up 30.1%. According to the country’s finance ministry, imports rose 25% to $29.13 billion, lower than economists’ predictions of 30.2%.

Taiwan has added China’s tech titan Huawei and chip giant Semiconductor Manufacturing International Corporation (SMIC) to its export control list, stepping up efforts to align with Washington’s crackdown on companies driving Beijing’s artificial intelligence ambitions.

Taiwan's total exports of electronic components gained 28.4% in May on the year to $17.2 billion, with semiconductor exports up 30.1%. Imports rose 25% to $39.13 billion, lower than economists' forecasts of 30.2%.

Taiwan has added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corporation (SMIC) to its trade blacklist, in a move that further aligns the island’s chip policy with US-led export controls targeting Beijing’s semiconductor ambitions.

Taiwan's exports hit a record USD 51.74 billion, marking a 38.6% year-on-year increase. The surge was driven by foreign orders ahead of U.S. tariff changes. The booming exports, particularly in ICT, resulted in a significant trade surplus while imports also grew,