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AI · Exports · Taiwan · Technology
Taiwan's exports dramatically exceeded expectations in March, surging 61.8% year-on-year to a record $80.18 billion, driven by robust global demand for artificial intelligence applications and other technology products, according to the finance ministry.
This growth significantly surpassed February's 20.6% increase and Reuters' poll expectation of 33.2%, marking 29 consecutive months of year-on-year gains. Demand for AI and cloud business was solid, with electronic components jumping 44.0% to $25.243 billion and information products soaring 134.5%.
Exports to the U.S. surged 124% to $28.542 billion, while exports to China climbed 27.4%. Imports also rose 38.3% to $58.91 billion, exceeding economists' 18.1% forecast.
Taiwanese companies like TSMC, a major supplier of advanced chips for AI, provide components to leading tech firms such as Nvidia and Apple. The finance ministry projects double-digit export growth to continue in the first half of the year, with April exports expected to rise between 44% and 51%.
However, U.S. trade policy and Middle East conflict risks require close monitoring.
