Taiwan's Exports Surge by 56% in November

Taiwans exports surged in November, marking their fastest growth in over fifteen years, driven by strong global demand for computer chips and AI technology. Exports jumped by 56% compared to the previous year, reaching $64.05 billion, surpassing economists predictions. Despite a 20% tariff on exports to the US, the ministry expects this export momentum to continue, fueled by AI and high-performance computing growth, and the busy year-end shopping season. The ministry anticipates a 30% year-on-year growth in exports for 2025, reaching $600 billion, but warns of uncertainties due to global economic outlook and geopolitical risks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.