AI demand powers Taiwan November exports to fastest growth in 15-1/2 years

Core Insights - Taiwan's exports experienced significant growth, reaching $64.05 billion in November, marking a 56% increase year-on-year and the fastest growth in 15.5 years [2][3] - The growth was driven by strong global demand for Taiwan's chips and AI technology, with exports to the U.S. and China showing remarkable increases [1][5] Export Performance - November marked the 25th consecutive month of export gains for Taiwan, surpassing economists' expectations of a 41.1% increase [2] - Exports to the U.S. surged by 182.3% to a record $24.418 billion, while exports to China rose by 16.5% [5] - Electronic components exports increased by 29.3% to $21.632 billion [5] Future Outlook - The Taiwanese finance ministry anticipates a 30% year-on-year growth in exports by 2025, projecting total exports to reach $600 billion [3] - For December, exports are expected to rise between 40% and 45% compared to the previous year [4] Economic Context - Despite the strong export performance, the global economic outlook remains uncertain due to U.S. tariff policies and geopolitical risks [4] - Taiwan's semiconductor industry, particularly companies like TSMC, plays a crucial role as major suppliers to leading tech firms such as Nvidia and Apple [4]