Tech Drives Taiwan’s October Export Boom Amid Global Demand

TaiwanPlus News

Taiwan’s exports jumped nearly 50% in October, reaching almost 62 billion US dollars, a new monthly record. Strong global demand for AI and consumer electronics boosted shipments, while weaker traditional sectors like metals and plastics continued to face challenges.

Transcript

00:00Taiwan's exports hit a record high in October.

00:04Exports were up nearly 50 percent compared to the same month last year,

00:08soaring to nearly 62 billion U.S. dollars and setting an all-time monthly record.

00:13Taiwan's finance ministry says the recent export surge is being driven by strong global demand for AI and new consumer electronics,

00:21along with a seasonal peak in shipments.

00:23The United States remains the country's top export market.

00:26At the same time, weaker demand and overcapacity have hit traditional sectors, including metals and plastics.

00:34Overall, Taiwan's annual exports are on track to reach 600 billion U.S. dollars.

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