China Taiwan's export orders may contract for a second straight month in August as global demand cools, Reuters found by a survey, similar to the decline in July.
The report combined the views of 13 economists to predict that China Taiwan's export orders will fall 3.7 percent in August from a year ago, revising downward the original estimate of a 3.4 percent decline.
China Taiwan's export orders, which carry a significant portion of the world's semiconductor supply chain demand, were hit by weak demand for technology and continued weakness in mainland China, the largest market, with an unexpected drop in exports in July, with orders shrinking 1.9 percent to $54.26 billion from a year earlier, and the Chinese authorities forecast that the value of exports in August would fall 0.9 percent to 3.7 percent from August 2021.
The report pointed out that the export orders through China Taiwan can be a glimpse of the high-tech industry and the overall situation of Asian export demand, with China Taiwan leading the actual exports from Asia by 2 to 3 months.
It is reported that the data of China Taiwan's exports in August will be released on Tuesday this week.
Translated with www.DeepL.com/Translator (free version)
source：aijiwei
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