Taiwan February export orders miss forecasts

TAIPEI, March 20 (Reuters) - ‌Taiwan's export ​orders ​rose less than expected in February, with demand for its AI and technology products ‌losing momentum in the month that ended with ⁠the war in Iran raising the risk of trade disruptions.

Here ‌are some details on ‌the data:

* Export orders in February rose 23.8% from a year earlierto $63.88 billion, the Ministry of Economic Affairs ​said onFriday. That was below analysts' expectations for a gain of25.5%, though it was also ⁠the 13th straight monthly gain. * Orders for goods from Taiwan, home of the ​world'slargest contract chipmaker TSMC and other tech companies, areconsidered a bellwether of global technology ​demand. * For March, the ministry said it ‌expected export ordersto rise between 38.4% and 42% year-on-year. * Uncertainties such as global trade ⁠barriers andgeopolitical risks continue to weigh on global trade momentum,it said. * But the momentum for orders would be supported ⁠as newapplications such as AI and high-performance computing continueto expand, it ​added. * Taiwan's orders in February for telecoms products wereup 55.2% from a year earlier, while those for electronicproducts jumped 26.2%. * Overall orders ‌from China dipped 0.2% compared to a58.9% surge in January. * Orders from the United ‌States rose 45.1%, after a surgeof 64.3% the ⁠month before. Orders from ‌Europe were down ​5.6%,and those from Japan rose 17.8%.

(Reporting by Faith Hung and Liang-sa Loh; Editing by Kate ‌Mayberry)

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