Taiwan’s export orders rose 62.4% year over year to a record $114.21 billion in September, beating analysts’ expectations of 58.7% growth. The ministry expects October orders to rise 62.0% to 67.0% year over year and said full-year orders could reach $1.1 trillion.
Taiwan export orders rose 62.4% from a year earlier to $114.21 billion in September, above analysts’ expectations for 58.7% growth. The total exceeded $100 billion for a second consecutive month after orders reached $103 billion in August, and marked the 20th straight monthly gain.
The Ministry of Economic Affairs attributed the increase to demand for AI, high-performance computing and cloud services applications. It expects orders to rise 62.0% to 67.0% in October and said full-year orders could reach $1.1 trillion. The ministry cited geopolitical risks and trade policies as uncertainties, while saying Taiwan’s position in semiconductor and server supply chains would support order growth.
September orders for electronic products rose 71.0% year over year and telecoms products rose 87.3%. Orders from the United States increased 79.4%, those from Europe rose 68.0%, Japan gained 35.5%, and China increased 48.5%.
