Report published September 9, 2026

Taiwan: Stronger-Than-Expected Rebound in August Exports Led by Tech – Goldman Sachs Report

Goldman Sachs · September 9, 2026

Taiwan's August exports rebounded 6.2% mom sa (+41.0% yoy), beating consensus and Goldman Sachs forecasts behind strong demand for AI servers and high-end CPU chips. The trade surplus reached an all-time record of US$22.3bn NSA, supported by broad import growth and strength in exports to ASEAN and the US.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Taiwan's August exports rebounded 6.2% mom sa (+41.0% yoy), topping Bloomberg consensus (+34.7% yoy) and Goldman Sachs' forecast (+36.0% yoy).
2.Headline sequential export gains were driven entirely by tech products, including AI servers and high-end CPU chips.
3.Destination gains were led by ASEAN (+10.4% mom sa) and the US (+4.3% mom sa), accounting for roughly half of the headline sequential increase.

Bottom line:
Key numbers:
Asia-MAP scores:
Main points:
Exhibit 1: Stronger-than-expected rebound in exports, led by tech
Exhibit 2: Exports to the US and EM including Asia led the gains

Report data

Exhibit 1: Stronger-than-expected rebound in exports, led by tech

Metric	Estimate	Context
Exports	6.2 % mom sa	Seasonally adjusted by GS, rebounding from -0.9% in July
Exports	41.0 % yoy	Above Bloomberg consensus (+34.7%) and GS forecast (+36.0%), up from 32.9% in July
Imports	7.2 % mom sa	Reversing -5.5% contraction in the prior month
Imports	44.3 % yoy	Above Bloomberg consensus (+40.1% yoy) and previous +37.4% yoy
Trade Balance	22.3 US$ bn	New historic high NSA, up from US$17.2bn previously