Taiwan's exports jumped 8.6% in June

But exports to US weakened.

According to BBVA, Taiwan’s exports jumped 8.6% y/y in June from +0.9% in May, beating expectations for a second straight month (Consensus: 1.2% y/y), representing a sequential gain of 6.0% m/m, on resilient shipments of electronic products.

BBVA said that the upbeat outturn suggests recent external demand from Taiwan’s major trading partners have improved, led by intra-regional shipments (to China, ASEAN, Japan etc.) and exports to the Europe (the first year-over-year gain in the past five months).

"However, exports to the US weakened. Export trends in the region have still been mixed, given the disappointing reading from Korea in June," BBVA said.

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