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Taiwan exports to hit US$400B, third-highest on record
Taiwan’s exports for 2023 are projected to exceed US$400 billion, making it the third-highest on record. Minister of Finance Chuang Tsui-yun expressed confidence in the sustained positive trend, with monthly exports in the fourth quarter expected to surpass US$30 billion each. The country has accumulated US$355.1 billion in export figures for the first ten months, putting it on track to achieve the forecast. Year-end stockpiling needs, emerging technologies, and opportunities in artificial intelligence contribute to cautious optimism for November and December’s export performance. Taiwan’s full-year exports are anticipated to trail behind the US$446.4 billion seen in 2021 and the US$479.4 billion in 2022. Since 2017, Taiwan’s annual exports have consistently surpassed US$300 billion, a significant increase from the figures prior to 2016. The Directorate General of Budget, Accounting, and Statistics forecasts a 6.3 percent export growth rate for the coming year.2023/12/04 20:31