FX.co ★ Taiwan Import Growth Hits Nine-Month High

In November, Taiwan experienced a significant surge in imports, which rose by 45.0% compared to the same month last year, reaching a record high of USD 47.97 billion. This marks the most rapid growth since February 2025, accelerating from a 14.6% increase in October and far surpassing market forecasts of a 17.5% rise. The spike in imports was primarily due to increased acquisitions of electronic components (up 45.0%), information and audio-video equipment (up an impressive 197.3%), mineral products (up 11.5%), machinery (up 56.1%), and chemicals (up 5.5%). Analyzing the data by trading partners, imports from ASEAN countries surged by 54.0%, topping the list, followed by substantial increases from South Korea (48.7%), the United States (48.4%), Japan (33.1%), China & Hong Kong (20.2%), and Europe (8.1%). Cumulatively, from January through November, total imports amounted to USD 440.60 billion, reflecting a year-on-year rise of 23.5%, with purchases from the US showing a modest increase of 2.8% during the same period.