Taiwan says exports hit record in September on AI demand
- Taiwan's exports hit a monthly record of US$87.22 billion in September, marking 35 consecutive months of year-on-year growth and breaking the previous 34-month streak from 1985 and 1988, the Ministry of Finance said Thursday.
- Booming demand for artificial intelligence servers and high-tech products powered the shipments, supported by robust global investment in technological innovation, tight electronics supply chain capacity keeping prices elevated, and inventory buildup ahead of new consumer electronics launches.
- Information and communication products roughly doubled to US$39.13 billion with triple-digit gains in graphics cards and servers, while electronic components surged 45.3 percent to US$31.13 billion, both posting their second-highest monthly export values on record.
- Taiwan's monthly trade surplus reached US$23.63 billion, an all-time high and up 92.2 percent year-on-year, as imports rose 51.7 percent to a record US$63.59 billion but exports grew faster.
- Ministry of Finance Director-General Beatrice Tsai said Taiwan's exports are entering a "historic and brilliant moment," with fourth-quarter exports likely pushing annual totals above US$900 billion, though geopolitical tensions and trade policy shifts remain risks.
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Exports hit record amid AI demand
Taiwan’s exports rose to a record last month as booming demand for artificial intelligence (AI) servers and other high-tech products powered shipments, putting the economy on track for another year of exceptionally strong trade growth.Exports jumped 60.9 percent from a year earlier to US$87.22 billi
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The New York LedgerTaiwan's Trade Continues To Boom As Surplus Hits Another Record High
Taiwan's exports surged by 60.9% YoY in September, up from 41.0% YoY in August, marking a six-month high. Imports rose 51.7% YoY in September, up from 44.3% YoY in August. Read more here.
September exports hit record monthly high, extend growth to 35 months
Taipei, Oct. 8 (CNA) Taiwan's exports hit a monthly record of US$87.22 billion in September, marking 35 consecutive months of year-on-year growth and breaking the previous record of 34 months from November 1985 and August 1988, the Ministry of Finance (MOF) said Thursday.
Taiwan Trade Surplus Grows In September
Taiwan's foreign trade surplus increased notably in September from a year ago as exports grew faster than imports. The trade surplus rose to $23.6 billion in September from $12.3 billion in the corresponding month last year. The surplus also grew from $22.3 billion in August. Exports surged 60.9 percent annually in September, and imports also logged a sharp growth of 51.7 percent.
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