Taiwan’s trade sector ended the year on a high note, with December exports surpassing expectations and showcasing the country’s pivotal role in the global market. Exports rose 9.2% year-on-year to $43.59 billion, driven by robust demand for semiconductors fueled by advancements in artificial intelligence (AI) and steady trade with key international partners.
This strong performance exceeded initial forecasts, reflecting Taiwan’s adaptability and innovation in meeting evolving global needs. The finance ministry expressed optimism for a stable outlook in the first quarter of 2025, with sustained demand for semiconductors playing a central role in driving growth.
The year-end shopping season in major markets like the United States and Europe further boosted Taiwan’s trade momentum. Exports to the U.S. saw an impressive 16% increase, while shipments to China, Taiwan’s largest trading partner, continued to contribute significantly to overall trade performance.
Electronic components remained a cornerstone of Taiwan’s export success, with shipments rising 8.6% to $17.21 billion, including a 9.4% surge in semiconductor exports. This highlights the country’s leadership in high-tech industries and its critical contributions to global supply chains.
Imports also grew significantly, rising by 30.4% to $37.51 billion in December, reflecting active trade engagement and Taiwan’s role as a key hub for innovation and production.
With its strong foundation in technology and a forward-looking approach to trade, Taiwan is poised to build on its success and continue playing a vital role in shaping global markets.
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