Taiwan's October exports hit record US$96.76 billion, up 58.9% on AI demand
Briefing by News4U · First published
Focus Taiwan reported that Taiwan's Ministry of Finance said October exports rose 58.9 percent year-on-year to US$96.76 billion, a record high, while imports increased 75.1 percent to US$68.89 billion, producing a US$27.88 billion trade surplus. The ministry attributed the surge to strong global demand for AI products, with information, communications and audiovisual exports jumping 72.9 percent to US$47.60 billion and electronic components rising 61.4 percent to US$32.68 billion. The United States remained the largest market, taking US$32.93 billion, or 34 percent of total exports. [1]
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- Taiwan's October exports hit high, jump nearly 60% on AI demand
Focus Taiwan · · Full text