Taiwan Exports Post Surprise Growth in Sign of Global Trade Rebound
- Overseas shipments increase 3.4% y/y, higher than estimates
- Demand for AI-related technology strong, finance ministry says
The Port of Keelung in Keelung, Taiwan.
Photographer: Lam Yik Fei/BloombergThis article is for subscribers only.
Taiwan’s exports unexpectedly grew in September for the first time in more than a year, adding to signs that global trade is recovering.
Overseas shipments rose 3.4% year on year to $38.8 billion last month, according to a statement from the Finance Ministry in Taipei on Wednesday. That compared with the median estimate for a 2.5% decline in a Bloomberg survey of economists. It was the first increase since August 2022.