Taiwan Exports Jump by a Third But Traditional Industries Stagnate: Report

TaiwanPlus News

A new report from the Taiwan Institute of Economic Research says Taiwan’s exports have jumped by about a third this year, led by AI-related technology, chips, servers and electronics. The think tank has raised its 2025 economic growth forecast to nearly 6 percent, making it one of the strongest outlooks in recent years. But traditional export sectors such as petrochemicals and metals are lagging behind, even though they still employ large numbers of workers.

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00:00Taiwan's economy is running hot.

00:02A new report from the Taiwan Institute of Economic Research, or TIER,

00:06says exports have jumped by around one-third so far this year,

00:10led by AI-related tech and electronics.

00:30The group this month upped its 2025 projection for Taiwan's economic growth to nearly 6%,

00:37almost double its estimate back in February.

00:40And this would be among the strongest growth in recent years.

00:43That growth is highly concentrated in high-tech exports like chips, AI servers, and electronics.

00:49But according to the group's survey, growth in more traditional exports like petrochemicals and metals is lagging,

00:56and sentiment in those industries is low.

01:00AI's benefits may not be limited to exports.

01:18One researcher says it can help with Taiwan's labor shortage as the country faces an aging population.

01:23However, the focus of the report was strictly economic, and did not make recommendations on social issues.

01:47What the numbers presented today do clearly show is that the AI boom continues to be the driving force behind Taiwan's economic growth.

01:57The question now is, how long will it last?

02:00Hu Huong and Chris Gorin in Taipei for Taiwan Plus.

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