Taiwan's Exports Soar: Fastest Growth Since 2010 Driven by AI Chip Demand

• Taiwan's exports surged 69.9% year-on-year in January to a record $65.77 billion, marking the fastest growth since 2010.
• The unprecedented growth is primarily fueled by robust global demand for AI and cloud computing chips.
• Exports of information, communication, and audio-video products, including AI-related items, more than doubled, accounting for 43.7% of total exports.
• The US became Taiwan's largest export destination in January, with exports skyrocketing 151.8% to $21.28 billion.
• Taiwan faces US pressure to relocate advanced chip production overseas for supply chain resilience, but views its manufacturing concentration as a strategic asset.