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Exports to US +144.3% y/y (prior month +51.6%)

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Exports to China +3.2% y/y (prior month +12.8%)

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November exports seen up 35%-40% y/y -ministry

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2025 exports seen up 30% y/y at $600 bln -ministry

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Uncertainty of policy changes, geopolitical risks need

monitoring, ministry says

(Adds details throughout)

By Faith Hung and Emily Chan

TAIPEI, Nov 7 (Reuters) -

Taiwan's exports grew at their fastest clip in nearly 16

years in October, setting a record as booming demand for chips

and artificial intelligence (AI) technology outpaces the effects

of U.S. tariffs on the island's goods.

Exports jumped 49.7% in October from a year earlier to

$61.80 billion, a record amount in dollars and the fastest

growth since 57.7% logged in May 2010, the finance ministry said

on Friday.

The figure easily surpassed the 31.6% increase forecast

by economists in a Reuters poll.

It also marked the 24th consecutive monthly year-on-year

gain.

Taiwan's exports to the United States are subject to a

20% tariff, which Taipei is in talks to reduce, though

semiconductors are at present excluded.

Taiwan's export momentum is expected to be buoyed both

by the continued acceleration of AI and high-performance

computing applications and the traditional peak season of

year-end shopping in western markets, the ministry said in a

statement.

The ministry now expects 2025 exports to grow 30%

year-on-year to $600 billion.

However, the global economic outlook remains highly

uncertain, as U.S. tariff policies take shape and geopolitical

risks linger, so there is need for careful monitoring, the

statement added.

Taiwan companies such as TSMC,, the

world's largest contract chipmaker, are major suppliers to

Nvidia ( NVDA ), Apple ( AAPL ) and other tech giants.

For November, the ministry expects exports to rise

between 35% and 40% year-on-year.

In October, Taiwan's exports to the United States soared

144.3% on-year to $21.135 billion, while exports to China

climbed 3.2%.

Exports of electronic components rose 27.7% to $21.16

billion, with semiconductor exports up 29.2%.

Imports rose 14.6% to $32.22 billion, behind economists'

forecasts for an increase of 25.3%.