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Taiwan: Merchandise exports proceed to surge in August
Newest studying: Merchandise exports soared 34.1% over the identical month final 12 months in August, on the heels of July’s 42.0% upturn and properly above market expectations. The continuing export increase was linked to burgeoning international demand for AI functions. key buying and selling companions, gross sales to virtually all key markets rose by double digits, with gross sales to the U.S. recording the quickest development. In the meantime, merchandise imports jumped 29.7% over the identical month final 12 months in August (July: +20.8% yoy).
Consequently, the merchandise commerce steadiness improved from the earlier month, recording a USD 16.8 billion surplus in August (July 2025: USD 14.3 billion surplus; August 2024: USD 11.5 billion surplus). Lastly, the pattern improved, with the 12-month trailing merchandise commerce steadiness recording a USD 115.1 billion surplus in August, in comparison with the USD 109.7 billion surplus in July.
Panelist perception: On the outlook, Nomura analysts stated:
“We anticipate export development to remain resilient in coming months, owing to the upcoming iPhone 17 launch and continued Blackwell GPU shipments. Part 232 semiconductor tariffs are a danger, however we anticipate the impression to be constrained, on condition that main Taiwanese tech firms have investments within the US.”
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