TAIPEI (Taiwan News) – Taiwan’s gross domestic product is likely to expand 7.64% during the third quarter, or more than double the previous estimate, the government said Friday.

The Directorate General of Budget, Accounting and Statistics gave an advance estimate of 2.91% in August, per CNA. The main reason for the big change was the global demand for AI and new technology products fueling Taiwan’s exports.

When using US dollars to calculate exports, goods exports surged 36.50% during the third quarter of 2025 compared to the same period last year. Exports of goods and services rose 30.64%, or 6.44% more than previously forecast.

In August, the directorate general estimated the economy would grow 4.45% for the whole of 2025, up from a forecast of 3.10% made in May. Initial pessimism about the Trump administration’s tariffs has since made way for optimism fueled by the larger-than-expected demand for AI-related products linked to Taiwan’s semiconductor and high-tech sectors.