Taiwan’s August exports exceeded expectations, rising 34.1% to $58.49 billion. This marked the country’s fourth consecutive month of export record. Strong demand for AI and technology supported growth despite the 20% tariffs imposed by the US.
The August increase follows July’s fastest growth in 15 years.
Exports to the US rose by 65.2% to $19.63 billion, while exports to China increased by 15.9%. Exports of electronic components increased by 34.6% to $20.39 billion, while growth in semiconductors reached 37.4%. Taiwanese technology giants, primarily TSMC, supply critical components to global leaders such as Nvidia and Apple. The Ministry of Finance expects exports to increase by 30-36% in September. However, the ministry stressed the need for caution due to the US tariffs and ongoing geopolitical risks.
