The post Taiwan’s exports surged 49. 7% in October, driven by record global demand for AI appeared com. Taiwan’s Ministry of Finance (MOF) data revealed that Taiwan’s exports reached $61. 80 billion in October, a 49. 7% increase over the same period in the previous year. According to MOF, the rise is due to growing demand for semiconductor and artificial intelligence (AI) products. The increase in exports marks the biggest growth in almost 16 years. According to MOF data, the overall amount of imports reached US$39. 22 billion, a 14. 6% increase from the previous year. The ministry stated that the trade balance of US$22. 58 billion in October 2025 was beneficial. AI demand is driving Taiwan’s export boom Taiwan is in negotiations to lower the 20% tax on its shipments to the U. S., although semiconductors are currently excluded. According to the ministry, Taiwan’s export momentum is anticipated to be boosted by the typical peak season of year-end shopping in Western markets, as well as the ongoing acceleration of AI and HPC applications. The ministry now projects that exports will reach $600 billion in 2025, a 30% annual growth. MOF claimed that, while U. S. tariff policies are developing and geopolitical uncertainties persist, the future of the world economy remains uncertain, necessitating close observation. According to the MOF statistical bulletin, released on October 30, data centers are being built and upgraded more quickly worldwide as AI technologies and applications expand. The ministry further stated that the market for memory and related storage devices has been growing due to the growth of AI technologies. For instance, between January and September 2025, Taiwan’s DRAM shipments increased 99. 0% year-over-year to US$11. 5 billion. The exports of computer parts and accessories, including memory modules, increased 1. 3 times to US$23. 9 billion, both of which established new records. On the other hand, exports of other computer storage units, such as hard disk drives (HDDs) and solid-state non-volatile storage devices ( SSDs),.