In November, Taiwan recorded a trade surplus of USD 16.09 billion, an increase from USD 7.97 billion in the same month the previous year, although it remained below market forecasts of USD 18.5 billion. Export levels rose significantly by 56.0% year-on-year, reaching USD 64.1 billion. This surge was primarily driven by strong demand for information, communication, and audio-video products, which soared by 170.8%, as well as a 29.3% increase in electronic parts. Notably, exports to major trading partners experienced substantial growth, with shipments to the US skyrocketing by 182.3%, followed by Europe at 36.8%, ASEAN at 31.5%, China and Hong Kong at 16.5%, and Japan at 18.2%.
On the import side, there was a 45.0% rise, totaling USD 47.97 billion. This growth was largely fueled by increased purchases of electronic parts, up 45.0%, information and audio-video products, which rose by 197.3%, and machinery, which increased by 56.1%. The most significant import growth was from ASEAN, up 54.0%, followed by Korea at 48.7%, the US at 48.4%, and Japan at 33.1%. Cumulatively, from January to November, the trade surplus amounted to USD 137.90 billion, with exports escalating by 34.1% and imports climbing by 23.5% year-on-year.
