Taiwan Freight Transport and Shipping Q4 2018
We have made positive forecast revisions to the Taiwanese trade outlook in the latest Q4 2018 update as we retain abright outlook for the national freight sector. We note that headline economic growth will be supportive and rising domesticdemand and a surge in exports will be a boon for the logistics sector. Factors supporting healthy trade growth momentum willinclude a competitive and robust economy, with a healthy comparative advantage in semiconductor and integrate circuitmanufacturing in an era of strong global IT spending. We note that the export-oriented growth model of the Taiwanese economywill continue to remain on solid footing out to 2022. Nevertheless, primary risks to trade and logistics sector growth come fromdeteriorating geopolitical ties with mainland China.
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