Taiwan’s export performance in November demonstrated the resilience and innovation of its trade-driven economy, with exports climbing 9.7% year-on-year to $41.09 billion, surpassing market expectations. This marks the 13th consecutive month of growth, underscoring Taiwan’s pivotal role in global trade.
Key contributors to this success included the flourishing artificial intelligence (AI) sector and a recovery in demand from major trade partners like China. The surge in electronic component exports, which rose by 14.6% to $16.73 billion, highlights Taiwan’s leadership in advanced technology, particularly semiconductors, which saw a 15.5% increase.
The fourth quarter has traditionally been a strong period for Taiwan’s exports, bolstered by high consumer demand during the year-end shopping season in major markets like the U.S. and Europe. November’s exports to the U.S. grew by 10.6%, while exports to China rebounded with a 9.5% increase, reflecting the adaptability of Taiwanese businesses to evolving global needs.
Looking ahead, the Finance Ministry projects further export growth in December, estimating increases of 4.5% to 7.5%. This optimistic outlook is driven by sustained global demand for Taiwan’s high-tech products and the proactive strategies of manufacturers to meet market needs.
Taiwan’s trade achievements demonstrate its critical role in global supply chains, leveraging innovation and strong international partnerships to support continued economic growth and stability.
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