Taiwan's Exports Surpass 715 Trillion Won This Year, Reaching an All-Time High Due to AI Boom

[Financial News] Riding the global artificial intelligence (AI) boom, Taiwan is expected to record the highest export amount ever.
According to Taiwanese media such as United Daily News and China Times on the 29th, Taiwan's statistical authority, Directorate-General of Budget, Accounting and Statistics, announced in this year's economic outlook that the annual export amount is expected to increase by 8.99% from last year to 517.7 billion dollars (about 715 trillion won).
Additionally, this year's annual Gross Domestic Product (GDP) growth rate is estimated to reach 3.10%.
The Directorate-General explained that this is partly because overseas companies have started securing inventories in response to uncertainties due to the U.S. tariff policy, but this trend is expected to continue in the future due to the continuous expansion of AI applications and the expansion of computing power fields by cloud service providers and many countries.
The Directorate-General predicts that exports will decline in the second half, but it is positive because the demand related to the AI industry is better than expected and high-end server products are scheduled to be released in the second half.
In the first half, the product export amount is estimated to have surged by 22.55% compared to the same period last year to 275.7 billion dollars (about 381 trillion won). In the second half, the export momentum is expected to weaken, resulting in a 3.2% decrease compared to the same period last year, amounting to 242 billion dollars (about 334 trillion won).
Quarterly, following a 5.48% growth in the first quarter, the second quarter is expected to continue a 5% growth at 5.23%, but it is predicted to shrink to 0.80% in the third quarter and remain at 1.19% in the fourth quarter.

june@fnnews.com Lee Seok-woo Reporter