COUNTRY'S NEWS

Taiwan’s Exports Hit a Record High in March 2025

Posted on by content02.vinahugo
07
Oct

According to data compiled by the Taiwan International Trade Administration (TITA) from the Ministry of Finance (MOF), Taiwan’s total imports and exports in March 2025 reached USD 92.18 billion, an increase of USD 16.12 billion (+21.19%) compared to the previous month and +23.09% year-on-year.

1. Record-Breaking Export Growth

In March 2025, Taiwan’s exports reached USD 49.56 billion, up 18.59% year-on-year, while imports totaled USD 42.62 billion, up 28.76%. Taiwan recorded a trade surplus of USD 6.94 billion, down 20.13% from the same month last year.

According to the MOF, March’s export value hit a new historical record, exceeding all previous monthly highs. This marks the 17th consecutive month of positive export growth. The MOF attributed this surge mainly to buyers accelerating orders to prepare for potential U.S. tariff measures.

2. Q1/2025 Trade Performance

For Q1 2025, Taiwan’s total trade value reached USD 235.6 billion, up 16.93% year-on-year.

  • Exports: USD 129.58 billion (+17.48%)

  • Imports: USD 106.02 billion (+16.26%)

  • Trade surplus: USD 23.56 billion (+23.33%)

3. Export Markets Overview

  • ASEAN: Exports reached a record USD 10.31 billion, up 15.8% year-on-year, driven by electronic componentsand ICT (information and audiovisual technology) products.

  • China and Hong Kong: Exports hit USD 14.31 billion, up 12.6%, showing the strongest performance in 29 months, thanks to recovering electronics and ICT demand—though not yet at pre-2022 levels.

4. Market Outlook

The MOF described March’s strong export results as “the sunset before the storm,” noting that front-loaded orderswere the key factor behind the surge.
Excluding the impact of early orders, exports in April 2025 are expected to range between USD 37.4–39.3 billion, representing 0–5% growth year-on-year, indicating a likely slowdown.

5. Vietnam–Taiwan Trade

According to MOF data, bilateral trade between Vietnam and Taiwan in March 2025 reached USD 2.63 billion, up 34.06% year-on-year.

  • Taiwan’s exports to Vietnam: USD 1.48 billion (+22.04%)

  • Taiwan’s imports from Vietnam: USD 1.15 billion (+53.46%)

For Q1 2025, total bilateral trade reached USD 6.67 billion, up 30.4% year-on-year.

  • Taiwan’s exports to Vietnam: USD 4.01 billion (+19.71%)

  • Taiwan’s imports from Vietnam: USD 2.65 billion (+50.76%)

In January 2025, Vietnam ranked as:

  • Taiwan’s 8th largest trading partner (2.81% market share)

  • 10th largest goods supplier (2.5%)

  • 9th largest export market (3.09%)

Summary

Taiwan’s record exports in March highlight robust global demand for its electronics and technology sectors. However, upcoming U.S. tariff measures may impact shipment schedules and cause volatility in Q2. Meanwhile, Vietnam continues to strengthen its position as a key trade partner, with double-digit growth in both exports and imports.