Taiwan’s trade surplus surged to USD 21.27 billion in March 2026 from USD 6.93 billion in the same month a year earlier, far exceeding market expectations of USD 14.5 billion. This marked the largest trade surplus since October 2025, driven by strong demand for AI applications and other technology products. Exports soared 61.8% year-on-year to an all-time high of USD 80.18 billion, primarily driven by solid shipments of information, communication, and audio-video products (134.5%) and electronic components (44%). Exports jumped to the US (124%) and Mainland China and Hong Kong (27.4%). Meanwhile, imports climbed 38.3% to a record peak of USD 58.91 billion, mainly due to higher arrivals of electronic parts (63.4%) and information, communication, and audio-video products (131.6%). Import growth was strongest from Mainland China and Hong Kong (38.1%). For the January–March period, Taiwan recorded a trade surplus of USD 52.96 billion, with exports rising 51.1% and imports increasing 34.8%.