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Exports jump 31.5% y/y vs +17.0% forecast in Reuters poll
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Exports to China +27.9% y/y (prior month -11.7%)
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Exports to U.S. +65.6% y/y (prior month +0.7%)
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Taiwan sees export momentum trending upwards in Q1, Q2
(Recasts, Adds details throughout)
By Faith Hung and Emily Chan
TAIPEI, March 7 (Reuters) -
Taiwan's exports rose more than expected in February as
demand for artificial intelligence related technologies got a
boost from buyers trying to get ahead of new tariffs proposed by
U.S. President Donald Trump.
Exports rose 31.5% compared to the same month a year ago
to $41.31 billion, the finance ministry said on Friday, nearly
double the 17.0% that was forecast in a Reuters poll. The
increase marked the 16th consecutive monthly rise.
Taiwan firms such as TSMC,, the
world's largest contract chipmaker, are major suppliers to Apple ( AAPL )
, Nvidia ( NVDA ) and other tech companies.
"Some customers made orders ahead of the U.S. tariff
uncertainty," the ministry said in a statement, adding business
opportunities for new applications of technologies such as
artificial intelligence (AI) remained solid.
Trump has imposed tariffs on China, Taiwan's largest
trading partner, and is considering the imposition of additional
tariffs on Taiwan's chip imports.
While the ministry said that tariffs and other
geopolitical risks present a fair amount of uncertainty for this
year, AI and its applications are accelerating, supporting
overall momentum for Taiwan's exports.
The export gains are expected to persist through the
first and second quarters, the ministry added.
It expected exports in March to fall 1% and rise 2% year
on year.
In February, Taiwan's exports to China rose 27.9%,
versus a contraction of 11.72% in the prior month.
Exports to the United States soared 65.6% year-on-year
to $11.77 billion, compared with a 0.7% jump in January.
Taiwan's total exports of electronic components climbed
24.6% in February on the year to $14.44 billion, with
semiconductor exports up 24.6%.
Imports jumped 47.8% to $34.76 billion, better than
economists' forecasts for a gain of 19.2%.