BAC · News · 20261101N

AI Export Boom Spillovers

BANK OF AMERICA CORP /DE/ · 2026-11-01 · Importance 42 · Surprise 64

Bank of America’s analysis identified Taiwan as the largest domestic beneficiary of Asia’s AI export boom, followed by South Korea. It said AI-related exports are a major growth driver for Taiwan, South Korea, and China, but the economic benefits are unevenly distributed. Year-to-date exports rose 57% year over year in South Korea, 44% in Taiwan, and 21% in China. Despite South Korea’s faster export growth, BofA expects Taiwan to see the greatest domestic spillover effects.

Key facts

• Bank of America’s analysis reported year-to-date export increases of 57% year over year in South Korea, 44% in Taiwan and 21% in China. source
• Taiwan is expected to experience the largest domestic spillover effects from the AI export boom, despite South Korea recording the strongest export growth. source
• Bank of America said AI-related exports have become a major growth driver for Taiwan, South Korea and China. source
• Bank of America Corp DE was among the institutional investors reported to have increased their holdings in FirstEnergy Corporation. source