Taipei: The Taiwan trade economy increased at its fastest rate in a year in the first quarter of 2025 compared to the last quarter of 2024 thanks to an increase in export on a strong technological demand before the introduction of possible American import rates.
Taiwan is a key center of the global technological supply chain for companies such as Apple and Nvidia, and is home to the world's largest contractual flea contract, Taiwan Semiconductor Manufacturing CO LTD (TSMC).
The gross domestic product increased by 5.37% preliminary in the quarter of January-March compared to the previous year, the fastest rate since 6.64% in the first quarter of 2024, announced Wednesday April 30.
This beat growth forecasts of 3.4% by analysts in a reuters survey and was faster than growth of 2.9% in the fourth quarter.
Quarter on the third, the economy increased to an annualized rate of 9.67% adjusted seasonally.
US President Donald Trump earlier this month has interrupted plans to sweep the costs of importing all countries for 90 days to allow negotiations to perform.
