Exports exceeded US$90 billion for the first time and were determined to overtake Japan for the whole year. In October, they soared to US$96.76 billion, continuing to hit new highs.

[Reporter Zheng Qifang/Reported from Taipei] Exports exceeded US$90 billion for the first time! The Ministry of Finance announced yesterday that exports in October were 967. 600 million U.S. dollars, a record monthly high, with a monthly increase of 10. 9%, an annual increase of 58. 9%, growing for 36 consecutive months, the longest growth in history; exports in the first ten months were 7,582. 900 million US dollars, an annual increase of 47. 7%, continuing to set new highs over the years. The Ministry of Finance stated that there is no doubt that exports for the whole year will exceed 900 billion US dollars. This year’s export scale will definitely overtake Japan and is expected to rank seventh or eighth in the world, rewriting two historical records.

36 consecutive months of growth, the longest in history

Imported in October 688. 900 million US dollars, a new monthly high, with a monthly increase of 8. 3%, an annual increase of 75%. 1%; imports in the first ten months were 5,697. 600 million US dollars, an annual increase of 44. six%. In October, it exceeded 278. 800 million U.S. dollars, a new monthly high; in the first ten months, it exceeded 1885. 400 million US dollars, an annual increase of 689. 700 million U.S. dollars, of which the amount exceeded the United States in 1909. $600 million.

Cai Meina, director of the Statistics Department of the Ministry of Finance, said that exports in October were surprising, mainly due to the continued spread of AI development, unabated supply chain inflation, and the launch of new consumer electronics products. Exports in November are expected to be approximately US$94.2 billion to US$96.7 billion, an annual increase of 47% to 51%. As for the impact of the U.S. midterm elections, she said that the general trend of AI cannot be challenged. No matter how various countries fight, Taiwan still ranks as an arms dealer in the global AI competition. In the long run, Taiwan's advantages will not be affected.

Information communication products and electronic parts account for 80%

Among major commodities, exports of telecommunications, audio-visual products, and electronic components hit a new monthly high in October, with annual increases of 72%. Nine percent and sixty-one. 4%, and other categories of goods increased by an average of 25%. 7%; in the first ten months, telecommunications products and electronic components accounted for about 80% of total exports. my country's export market sector has shifted significantly. In the first ten months, the proportion of exports to the United States was 31%. 7%, a new high in the same period in 36 years, and the proportion of exports to China and Hong Kong dropped to 23%. 8%, a 27-year low.