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Investing.com -- Taiwan’s export orders in March saw a smaller rise than anticipated, with gains of 12.5% year-on-year to reach $53.04 billion, according to the Ministry of Economic Affairs.
This marks the second consecutive month of growth. However, the increase fell short of analysts’ expectations, who had predicted a jump of 15.25%.
The growth was largely driven by robust demand for artificial intelligence (AI) applications.
Yet, this was balanced by a slowdown in demand from China.
The government has also voiced concerns about the potential impact of geopolitical risks on future performance.
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