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Economy

Taiwan exports still going strong after record-breaking year

Work-at-home demand driving orders for semiconductors

Demand for 5G-ready iPhones helped raise Taiwan's exports to record levels in 2020.  (Photo by Yu Nakamura)

TAIPEI -- Taiwan's exports climbed to record levels in 2020, with the pandemic-spurred global shift to working from home providing a tailwind that is expected to continue in the first month of the new year.

Exports from the high-tech Asian economy  -- home to Taiwan Semiconductor Manufacturing Co. and other key links in global supply chains -- rose 4.9% from 2019 to $345.2 billion, the Ministry of Finance said Friday.

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