Taiwan – exports catch up with TSMC
The surge in exports this year isn't all front-loading and Chinese New Year. Through 2024, Taiwan's export data had been looking light relative to TSMC's sales. That gap has now been closed, meaning strong performance for TSMC can once again be thought of as implying macro strength for Taiwan.
If you find these Quick Take Charts interesting, you will like our full research service even more. For details, please get in touch: paul@eastasiaecon.com