CHINA, ASEAN:Growth momentum was particularly noticeable in China and ASEAN, which accounted for 83 percent of the uptick, the Ministry of Finance said in a report
Date: Dec 08, 2016
By: Crystal Hsu / Staff reporter
The nation’s exports rose 12.1 percent from a year earlier to US$25.34 billion last month, advancing at the fastest pace in nearly four years, as demand for electronic components used in latest-generation technology remains strong ahead of Western and Lunar New Year holidays, the Ministry of Finance said yesterday.
The pickup, accelerating from a 9.4 percent increase a month earlier, confirms a stable recovery for the nation’s export-oriented economy, which might have fared better than forecast last month, the ministry said.
“Exports are set to recover faster than projected for this quarter and beyond thanks to strong demand for smartphones and the latest electronic components,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said.
Exports to all destinations improved as more partners emerged from a global slowdown, while all product categories except transportation tools registered positive movements, Tsai said. [FULL STORY]