ING expects Taiwan's trade growth to accelerate further in October
ING expects Taiwan's exports to rise 51.3% on-year in October and imports 69.2%, widening the trade surplus to $25.6 billion. Data due Monday.
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what happened
Taiwan's trade activity in October is likely to keep getting a lift from demand for semiconductors and other AI-related products, according to ING. The bank expects exports to stay “exceptionally strong,” rising 51.3% on-year after a 60.9% gain in September.
Import growth is seen accelerating to 69.2% from 51.7%, reflecting heavy demand for semiconductor equipment, components and advanced materials, ING says.
Despite faster imports, ING forecasts the trade surplus widening to $25.6 billion in October from $23.6 billion in September. The bank sees this as a sign that Taiwan's tech export cycle remains strong. The trade data is scheduled for release on Monday.
why it matters
For markets, the figures are a gauge of Taiwan's economy and of global demand for chips. A wider surplus typically supports the currency, though faster import growth could partly offset that effect. Monday's release will show whether these forecasts hold.
market impact
Taiwan dollar and chip stocks: strong trade data supports interest in the sector
tags
instruments
sources
- Tech Demand Likely Continued Supporting Taiwan's Trade Activity — Market Talk, 6 November 2026 at 09:01 UTC
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