Taipei, December 23, 2025 – Taiwan’s export orders in November recorded their fastest growth in nearly five years, fueled by robust demand for artificial intelligence (AI) technology and other high-tech products.

According to the Ministry of Economic Affairs, export orders rose 39.5% year-on-year to $72.92 billion, surpassing analysts’ expectations of a 30.1% gain. This marked the 10th consecutive month of growth and the fastest pace since April 2021.

“Solid technology demand, particularly in AI and high-performance computing, continues to drive Taiwan’s export momentum,” the ministry said.

Strong Regional and Global Demand

Orders from major markets reflected strong global demand:

• United States: +56.1% YoY (up from +32.1% in October)
• China: +17.6% YoY (up from +9.8% in October)
• Europe: +26.0% YoY
• Japan: +15.4% YoY

Products leading the surge included telecoms (+69.4%) and electronic products (+47.9%). Taiwan, home to the world’s largest contract chipmaker TSMC, remains a bellwether for global semiconductor and technology demand.

Outlook for December and Full-Year 2025

The Ministry of Economic Affairs expects December export orders to rise between 36.1% and 39.8% year-on-year, maintaining the year-end momentum.

For the full year 2025, Taiwan’s export orders could exceed $700 billion, potentially setting a new record despite ongoing uncertainties in global trade and geopolitics.

Impact of U.S. Tariffs and Geopolitical Risks

While the Trump administration has imposed a 20% tariff on Taiwan exports to the U.S., semiconductors are exempt, which has helped sustain strong shipments. The ministry remains cautious, citing potential risks from trade policy changes and geopolitical tensions, but highlighted growth opportunities from AI and high-performance computing applications.

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Key Takeaways

• November export orders: +39.5% YoY, fastest since April 2021.
• Strongest demand: Telecoms (+69.4%) and electronic products (+47.9%).
• Regional growth: U.S. +56.1%, China +17.6%, Europe +26.0%, Japan +15.4%.
• December outlook: Orders expected to rise 36–40% YoY.
• Full-year forecast: Potential to exceed $700 billion.
• Growth drivers: AI, high-performance computing, and resilient semiconductor exports.