Taiwan’s September exports fell short of expectations, but strong demand for AI technologies continues. According to the Ministry of Finance, exports rose 33.8% year-on-year to $54.25 billion, below the 35.5% estimate in a Reuters survey.
This slowdown ended a four-month streak of record export growth. Taiwan’s exports to the U.S. are currently subject to a 20% tariff, but semiconductors are exempt.
The Taipei government is continuing negotiations to reduce these tariffs. The ministry’s statement said, “Thanks to rapid advancements in artificial intelligence applications and the upcoming peak season in China and the US, positive export momentum is expected to continue.” However, it was emphasized that global economic uncertainties and geopolitical risks continue to put pressure on the export outlook. TSMC (2330.TW), the world’s largest chip manufacturer, supplies giants like Nvidia and Apple. In September, semiconductor exports increased by 86.9%, while electronic component exports rose by 25.6%.In October, exports are expected to increase by 28-33% year-on-year. In contrast, imports increased by 25.1% to $41.86 billion, exceeding expectations.
