Exports 23.5 yy vs 11.45 forecast in Reuters poll
Exports to China 7.3 yy prior month 5.3
Exports to U.S. 74.2 yy prior month 36.4
Sees exports in July 3 to 6 yy
Sees uptrend in export momentum continuing into H2

TAIPEI, July 9 Reuters Taiwan39;s exports rose more than expected in June, with the island benefiting from its position as a key link in the supply chain of the booming artificial intelligence AI industry though also coming off from a low base period.

Exports rose 23.5 from a year earlier to 39.9 billion, the finance ministry said on Tuesday.

Taiwan39;s export recovery continued with its eighth consecutive monthly rise, and exceeded the 11.45 forecast in a Reuters poll, while beating a 3.5 gain in May.

The robust performance was thanks to strong business opportunities in new technology applications such as AI and high performance computing, the ministry said in a statement.

The second half of the year should see a continued uptrend in export momentum as exports enter their peak season, owing to the island39;s advanced chip production capacity, it added.

Taiwanese firms such as TSMC, the world39;s largest contract chipmaker, are major suppliers to Apple, Nvidia and other tech giants.

The ministry predicted that Taiwan39;s exports in July could rise between 3 and 6 from a year earlier.

Exports to the United States soared 74.2, compared with a 36.4 surge in May.

Shipments to China Taiwan39;s largest trading partner improved, up 7.3 in June onyear…