A new report from the finance ministry shows that Taiwan’s exports grew in July, ending a 17-month streak of negative growth.
The report, out Monday, said that exports reached US$24.1 billion in July, up 5.4% from June. A finance ministry official said that growth in the export of electronic parts was the main reason for higher export figures. New iPhone models that have yet to hit the market have also helped boost exports in integrated circuits, lenses, and other cellphone parts.
The finance ministry official said it’s likely that exports will inch up in the third quarter and grow considerably in the fourth quarter.