Summary

• Taiwan's export growth slowed to 39.0% YoY in April, down from 61.8% YoY in March, and falling well short of market forecasts on the month.
• By product, Taiwan's semiconductor exports moderated to 40.5% YoY, which was down only slightly from March's 45.7% YoY growth, as AI chip demand remained strong.
• Taiwan's petroleum imports rose 18.3% YoY in April, bringing the year-to-date levels up to -14.6% YoY.

By Lynn Song, Chief Economist, Greater China

Exports cool in April mostly on slower computer exports

Taiwan's export growth slowed to 39.0% YoY in April, down from 61.8% YoY in March, and falling well short of market forecasts on