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Taiwan’s trade surplus rose to USD 11.49 billion in August 2024, the highest on record, broadly widening from USD 8.60 billion in the same month of the previous year and coming significantly more than market forecasts of USD 4.97 billion. Year-on-year, exports jumped 16.8% to USD 43.64 billion, mainly driven by higher sales for information, communication & audio-video products (71.3%). Meanwhile, imports advanced at a softer 11.8% to USD 32.14 billion, primarily due to increased purchases of information, communication & audio-video products (2.5%), and parts of electronic products (22.2%). Considering January to August, the country’s trade surplus was recorded at USD 52.45 billion, 19.5% higher compared to the corresponding period last year, with exports rising 10.9% and imports increasing by 9.3%.