2025.04.1008:49:03UTC+00Taiwan Exports Growth Beats Expectations

In March 2025, Taiwan's exports rose by 18.6% compared to the same period last year, reaching a total of USD 49.57 billion. This increase follows a significant 31.5% growth observed in February and surpasses market forecasts, which predicted an 8.5% rise. The robust growth can be attributed to increased sales across all major categories, such as information and communication technology products (up 34%), electronic components (up 19.3%), chemicals (up 8.9%), machinery (up 1.5%), and basic metals (slightly up by 0.1%). Among its primary trading partners, Taiwan experienced notable export growth to South Korea (up 44.4%), the United States (up 39.9%), ASEAN countries (up 15.8%), and China and Hong Kong (up 12.6%). Conversely, exports to Europe remained stagnant, while those to Japan saw a decline of 4%. Overall, during the first quarter of the year, Taiwan's exports amounted to USD 129.58 billion, marking a 17.5% increase over the same timeframe the previous year.