TAIPEI (Taiwan News) — Taiwan’s export orders surged to a record NT$2.3 trillion (US$72.92 billion) in November, marking a 39.5% increase from a year earlier, the Ministry of Economic Affairs said Tuesday.

The ministry said export orders for this year are on track to hit a historic high, with a chance of surpassing NT$24 trillion, per UDN. Cumulative export orders for the first 11 months of this year totaled NT$21 trillion, up 24.2% from the same period last year and setting a record for the period.

MOEA Statistics Department head Huang Wei-chieh (黃偉傑) attributed the November jump to strong AI-driven demand, particularly for servers, semiconductors, and other high-performance computing products. Suppliers had planned mass production for December, but early order placements pushed volumes into November, he said.

For December, the ministry projects export orders will be between NT$2.27 trillion and NT$2.33 trillion, potentially setting another record with year-on-year growth of 36.1%–39.8%.

Huang said surpassing the NT$24 trillion annual mark is “challenging but possible,” reflecting strong global demand and Taiwan’s role in supplying AI and high-tech products.

Looking ahead, Huang said growth is expected to remain positive next year, though the pace may moderate from this year’s surge. Traditional industry orders are expected to recover, supported by China’s anti-overcompetition measures.