📉 **中国对美科技出口受重创**：受美国关税政策（包括20%的“芬太尼关税”）的直接影响，中国对美科技产品出口在去年第四季度至今年八月间暴跌70%。这一变化凸显了美国贸易战对全球供应链的重塑作用，并加速了与中国的高科技脱钩进程。

📈 **亚洲多国填补市场空白**：在中国的出口下滑之际，韩国、越南和印度等亚洲经济体对美国的科技出口强劲增长，同期增幅高达80%。这表明全球科技市场的供应正在发生结构性调整，其他亚洲国家正抓住机遇扩大市场份额。

🌐 **全球需求支撑亚洲科技贸易**：尽管美国市场面临挑战，但来自欧洲、亚洲其他地区及新兴市场的强劲需求，使得中国及亚洲其他地区的科技出口（非美国目的地）保持了约20%的增长。这反映出全球科技需求的整体韧性，尤其是在人工智能领域，为亚洲科技出口的整体增长提供了有力支撑。

💡 **人工智能推动亚洲科技出口增长**：人工智能驱动的出口热潮正在惠及整个亚洲地区。通过八月的数据显示，该区域的整体出口额同比增长7%，其中科技产品贡献了超过60%的增幅。台湾在此轮出口重组中表现尤为突出，其超过70%的出口额来自科技产品，显示了先进芯片和服务器在AI数据中心中的关键作用。

🌍 **供应链重组与未来趋势**：美国与中国的贸易政策正在加速科技供应链的重组，预计这一趋势将持续。高科技领域的脱钩以及亚洲内部和区域外的贸易格局重塑将是未来科技贸易的主要特征，台湾、墨西哥、日本、印度和越南等国家和地区正在此过程中获得市场份额。

China's tech exports to the US have fallen 70% since the fourth quarter due to President Trump's tariffs.Other Asian countries, like South Korea and Vietnam, are exporting much more to the US.Global demand for AI products remains strong, boosting Asia's tech exports overall.

China's tech exports to the US have cratered, but demand from the rest of the world is keeping the East Asian giant's trade machine humming.

In August, Chinese shipments of tech products to the US plunged 70% compared to the fourth quarter of 2024, according to a Goldman Sachs analysis published Sunday.

The collapse followed the rollout of President Donald Trump's new tariffs, including a 20% "fentanyl tariff" on all Chinese imports that took effect in March.

Meanwhile, other Asian economies filled the gap. From the fourth quarter through August, tech exports to the US from countries like South Korea, Vietnam, and India jumped 80%, according to Goldman.

Outside the US, Chinese tech exports didn't suffer the same fate. Demand in Europe, Asia, and emerging markets kept growing.

"Tech exports to non-US destinations showed little difference between China and the rest of Asia, with tech exports from both performing similarly well compared to other sectors," wrote Goldman's analysts.

In July, China and the rest of Asia's tech exports to non-US markets rose about 20% relative to the fourth quarter of 2024, "reflecting strength in global tech demand," Goldman's analysts wrote.

The tariffs underscore how Washington's trade war is reshaping supply chains and driving high-tech decoupling with China.

But the divergence also reflects a bigger trend: a steady reordering of tech supply chains that accelerated during the pandemic and has been reinforced by Washington's trade policies.

In 2017, nearly half of the US's critical tech imports came directly from China. By 2025, that figure has fallen below 20%, Goldman estimated.

Taiwan, Mexico, Japan, India, and Vietnam have gained market share in the process.

Asia AI exports boom

Despite the pressure on China, Asia is thriving in the AI-fueled export boom.

Overall exports from the region rose 7% in dollar terms through August compared to a year earlier, Goldman said. Technology products accounted for more than 60% of those gains.

Taiwan has been the breakout winner, with over 70% of its exports coming from tech — the highest share in Asia.

In August, Taiwan's exports surged 30% from the fourth quarter of 2024, powered by advanced chips and servers that are critical for AI data centers.

Goldman's analysts wrote that they expect the reshuffling to continue.

"Tech supply chains will likely continue to shift, further driving high-tech decoupling between the US and China and reconfiguring of Asia's trade within and outside the region," they wrote.