ING Chief Economist for Greater China, Lynn Song, highlights that Taiwan’s exports grew in January 2026, reaching the fastest pace since 2010, supported by the technology boom and the Lunar New Year period. The United States has temporarily overtaken mainland China and Hong Kong as Taiwan’s largest export destination, while mighty net import and export data suggest Taiwan’s growth momentum will continue.
Exports are growing thanks to demand for technology and the US
“January exports increased by 69.9% y/y, accelerating from 43.4% y/y in December, and were once again stronger than market expectations.”
“For the full year 2025, mainland China and Hong Kong remained the largest export destinations, accounting for 27.7% of total exports compared with 21.8% to the United States.”
“It will be interesting to see if this trajectory continues in 2026.”
“For export products, the same trends from 2025 carry over to 2026, despite a more challenging base effect.”
“On a net basis, Taiwan’s net exports also slightly exceeded market forecasts, reaching $18.9 billion at the beginning of the year, indicating that Taiwan’s growth will continue where it left off in early 2026.”
(This article was created with the lend a hand of an artificial intelligence tool and has been reviewed by an editor.)
