Taiwan Exports Surge in February, But Gov’t Warns of War Impacts

Taiwan’s export orders increased faster than expected in February with help from robust demand for technology, but the government warned that the war in Ukraine and its impact on global trade are dimming outlook.

February exports jumped 21.1 percent from a year earlier to $51.56 billion, according to data released by the Ministry of Economic Affairs on Monday.

Electronic products and communications devices which in February surged 31.6 percent and 29.7 percent, respectively, drove the increase in exports. 

Robust demand for electronics and communication devices due to work-from-home settings had helped sustain 24 consecutive months of increase. Demand The first week of February was marked by the Lunar New Year holiday in Taiwan.

But while technology is expected to push demand for Taiwan’s exports, the ministry warned that it is worried over the impacts of Russia’s invasion of Ukraine on world trade.

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