TAIPEI (Taiwan News) — The Ministry of Finance reported Friday that February exports rose to NT$1.35 trillion (US$41.31 billion), up 31.5% year-on-year, marking 16 months of growth.

Information and audiovisual product exports surged 65.5% to NT$461.4 billion, setting a new monthly record, per CNA. However, exports of mineral and chemical products declined by 8.4% and 7.7%, due to international oil price fluctuations, competition from overseas producers, and weak market conditions, per Liberty Times.

MOF Department of Statistics Director Tsai Mei-na (蔡美娜) said in February that Taiwan’s exports to the US were NT$385.9 billion, the second-highest monthly figure on record, with an impressive annual growth rate of 65.6%, and outpacing those to China, per CNA. 

Regarding whether Taiwan’s exports to the US will continue to outpace those to China, Tsai suggested the trend may fluctuate and requires further observation. She said the shift was due to factors including the US-China trade war and supply chain diversification.

She added that Taiwan’s strong export performance to the US is driven by AI-related opportunities, global supply chain restructuring, and US manufacturing reshoring.

Notably, Tsai cited Mexico as a major growth driver. Due to supply chain shifts, Taiwan’s exports to Mexico in the first two months surged 3.2 times, contributing 4 percentage points to Taiwan’s overall export growth.