AGL 40.09 Increased By ▲ 0.09 (0.23%)
AIRLINK 127.00 Decreased By ▼ -0.04 (-0.03%)
BOP 6.58 Decreased By ▼ -0.09 (-1.35%)
CNERGY 4.46 Decreased By ▼ -0.05 (-1.11%)
DCL 8.60 Increased By ▲ 0.05 (0.58%)
DFML 41.51 Increased By ▲ 0.07 (0.17%)
DGKC 86.80 Decreased By ▼ -0.05 (-0.06%)
FCCL 32.20 Decreased By ▼ -0.08 (-0.25%)
FFBL 64.86 Increased By ▲ 0.06 (0.09%)
FFL 10.16 Decreased By ▼ -0.09 (-0.88%)
HUBC 109.45 Decreased By ▼ -0.12 (-0.11%)
HUMNL 14.69 Increased By ▲ 0.01 (0.07%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 7.32 Decreased By ▼ -0.14 (-1.88%)
MLCF 41.20 Decreased By ▼ -0.18 (-0.43%)
NBP 59.95 Decreased By ▼ -0.46 (-0.76%)
OGDC 195.00 Increased By ▲ 4.90 (2.58%)
PAEL 28.26 Increased By ▲ 0.43 (1.55%)
PIBTL 7.77 Decreased By ▼ -0.06 (-0.77%)
PPL 151.65 Increased By ▲ 1.59 (1.06%)
PRL 26.48 Decreased By ▼ -0.40 (-1.49%)
PTC 16.17 Increased By ▲ 0.10 (0.62%)
SEARL 78.35 Decreased By ▼ -7.65 (-8.9%)
TELE 7.47 Decreased By ▼ -0.24 (-3.11%)
TOMCL 35.46 Increased By ▲ 0.05 (0.14%)
TPLP 8.20 Increased By ▲ 0.08 (0.99%)
TREET 16.03 Decreased By ▼ -0.38 (-2.32%)
TRG 52.79 Decreased By ▼ -0.50 (-0.94%)
UNITY 26.60 Increased By ▲ 0.44 (1.68%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,936 Increased By 52.6 (0.53%)
BR30 30,901 Increased By 300.7 (0.98%)
KSE100 93,855 Increased By 499.9 (0.54%)
KSE30 29,074 Increased By 143.3 (0.5%)

Taiwan posted robust July trade data on Monday as exports remained strong to its top two markets, China and the United States, but there are signs a slowdown may be coming.
Taiwan shipped US $14.66 billion of goods last month, rising 26.1 percent from a year earlier, with exports to China, Southeast Asia and South Korea all up more than 30 percent, the finance ministry said.
The figure was in line with the median 25.9 percent rise forecast by a Reuters poll and June's 24.5 percent rise.
"It's good. In general, global market conditions are still favourable," said Jun Ma, an economist with Deutsche Bank in Hong Kong. "Taiwan will see a slowdown by the end of the year, but it will not be a drastic one," said Ma.
Taiwan's trade surplus in July shrank 30 percent from a year earlier to just $892 million, as imports jumped 32.9 percent to $13.66 billion, the ministry said, attributing the result to sharply higher raw materials prices, especially oil.
The Reuters poll had predicted import growth at 42 percent.
While the jury was still out on how much Taiwan exporters would suffer from slower demand in its largest markets, the United States has posted worse-than-expected July jobs figures, an indication that US consumers' hunger for imports could slow.
Taiwan shipments to the United States last month rose only 7.5 percent from a year earlier to $2.41 billion, half the 15.3 percent year-on-year growth seen in June.

Copyright Reuters, 2004

Comments

Comments are closed.