Taiwan's July Exports Jump 32.9% to $75.30 Billion as AI Drives Record Chip Sales
Updated
Updated · Focus Taiwan · Aug 7
Taiwan's July Exports Jump 32.9% to $75.30 Billion as AI Drives Record Chip Sales
1 articles · Updated · Focus Taiwan · Aug 7
Summary
$75.30 billion in July exports marked Taiwan's 33rd straight month of annual growth and its third-highest monthly total on record.
AI demand powered the surge: electronic component exports hit a record $27.73 billion, up 50.5%, while information and communications products rose 29.5% to $31.37 billion.
Imports climbed 37.4% to $58.13 billion, leaving a trade surplus of $17.17 billion, up 19.6% from a year earlier.
The United States remained Taiwan's top export market at $23.24 billion, though growth slowed to 25.2%—the weakest pace in 18 months.
The finance ministry said global economic resilience and pre-launch inventory building also supported demand, and forecast August exports of $76.6 billion to $78.9 billion.