Taiwan exports reached US$28.20 billion in value last month, down 0.6 percent from the previous month and down 0.5 percent year on year, according to the Ministry of Finance (MOF).
The corresponding import value totaled US$24.64 billion, up 0.5 percent from the previous month, but down 5.4 percent year on year, the MOF added.
The total value of exports between January and July also decreased 3 percent, even though the export value of electronic components increased 5.3 percent over the same period.
Due to the U.S. customs tariffs on China-made products, the value of Taiwan exports to China and Hong Kong decreased 3.6 percent year on year, while exports to the U.S. increased by 21 percent.
This shows how Taiwan companies reduced their production in China by lowering their shipments of components and materials from Taiwan to China, and increased production in Taiwan for exports to the US market.