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Record Semiconductor Shipments Fuel Taiwan’s Export Growth

  • Electronics exports see longest growth cycle in 16 years
  • Officials forecast shipments to increase around 30% in July
Gantry cranes at the Port of Keelung in Keelung, Taiwan.
Photographer: Billy H.C. Kwok/Bloomberg
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Taiwan’s exports continued to grow in June as exporters kept their factories running even as restrictions aimed at containing an outbreak of Covid-19 weighed heavily on other sectors of the economy.

Exports rose 35.1% last month from a year earlier to $36.7 billion, the second-highest amount on record, according to a statement Wednesday from Taiwan’s Ministry of Finance. Overseas shipments in the second quarter were a record $109 billion, the first time they’ve exceeded $100 billion in any three-month period, the ministry’s chief statistician Beatrice Tsai said at a briefing in Taipei.