Taiwan’s Trade Surplus Reaches Record **US$23.6 Billion** in September, TWD Remains Stable

• Taiwan’s trade surplus hit a record US$23.6 billion in September.
• Exports surged 60.9% YoY, driven by strong tech demand.
• The Taiwan Dollar remained subdued despite strong data, influenced by central bank actions.

Taiwan’s trade surplus reached an all-time high of US$23.6 billion in September, significantly exceeding August’s US$22.3 billion and the US$12.3 billion recorded in the same month last year. This record performance was primarily fueled by a 60.9% year-on-year surge in exports, marking a six-month high, largely attributed to robust demand for machinery and electrical equipment, particularly tech-related goods. Imports also saw substantial growth, rising 51.7% annually. Despite these strong economic indicators and foreign inflows, the Taiwan Dollar (TWD) has remained relatively subdued. This stability is attributed to factors such as outward corporate investment, capital outflows influenced by yield differentials, and active foreign exchange stability measures implemented by Taiwan’s central bank.