Taiwan’s September export orders increased by 30.5% year-on-year to $70.22 billion, thanks to strong demand for artificial intelligence (AI). This increase far surpassed analysts’ 17.8% expectations, enabling the country to show growth for the eighth consecutive month.
According to the Ministry of Economy, Taiwan, home to giant technology manufacturers such as TSMC, continues to be a significant indicator of global chip and semiconductor demand.
Although the 20% tariff imposed by the Donald Trump administration on Taiwanese products created short-term uncertainty, the government stated that this measure is “temporary” and that negotiations are ongoing for more favorable rates.
The ministry’s statement emphasized that although uncertainties in global trade policies and geopolitical risks are affecting trade momentum, orders are expected to remain strong until the end of the year thanks to the expansion in AI and high-performance computing applications.
In September alone, electronic product orders increased by 45.9%, telecommunications products by 33.1%, and orders to the US by 40.2%. Exports to China also rose by 11.6% after the decline in August.
