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

By Faith Hung and Roger Tung

TAIPEI, Dec 9 (Reuters) - Taiwan's exports grew much than expected and logged their fastest maturation successful 15-1/2 ​years successful November, arsenic worldwide request for the island's chips and ‌artificial quality (AI) exertion remained robust heading into the extremity of the year.

Taiwan's exports person had ‌uninterrupted gains for implicit 2 years, jumping 56% successful November from a twelvemonth earlier to $64.05 cardinal for a 25th consecutive monthly gain, the concern ministry said connected Tuesday, topping a 41.1% summation forecast by economists successful a Reuters poll.

In ⁠November, exports deed a grounds ‌amount successful dollar presumption and recorded their fastest maturation since May 2010.

The beardown showing came adjacent though Taiwan's exports to ‍the U.S. are taxable to a 20% tariff, which Taipei is successful talks to reduce, though semiconductors are astatine contiguous excluded.

Taiwan's export momentum is expected to beryllium buoyed ​both by the continued acceleration of AI and high-performance computing applications and ‌the highest play of year-end buying successful Western markets, the ministry said successful a statement.

Last month, the ministry said it expected 2025 exports to turn 30% year-on-year to $600 billion.

However, the planetary economical outlook remains highly uncertain, arsenic U.S. tariff policies instrumentality signifier and geopolitical risks linger, truthful determination is simply a request ⁠for cautious monitoring, the connection added.

Taiwanese companies ​like TSMC, the world's largest declaration chipmaker, ​are large suppliers to Nvidia, Apple and different large tech firms.

For December, the ministry expects exports to emergence betwixt 40% and ‍45% from a twelvemonth ⁠earlier.

In November, Taiwan's exports to the U.S. soared 182.3% from a twelvemonth earlier to a grounds $24.418 billion, portion exports to China climbed 16.5%.

Exports ⁠of physics components roseate 29.3% to $21.632 billion.

Imports roseate 45% to $47.97 billion, besting economists' forecasts for ‌an summation of 17.45%.

(Reporting by Faith Hung and Roger Tung; Editing ‌by Christopher Cushing and Thomas Derpinghaus)