ELECTRIC ECONOMY:Electronics shipments, which account for 32.7 percent of overall exports, rose by a double-digit percentage to US$7.77 billion, a new high for January

Taipei Times
Date: Feb 08, 2017
By: Crystal Hsu / Staff reporter

The nation’s exports grew 7 percent year-on-year to US$23.74 billion last month, thanks to strong demand for electronic components used in mobile and Internet-of-Things devices, the Ministry of Finance said yesterday.

The figure represented the fourth consecutive month of expansion as the global economy improved, more than offsetting shipment disruptions caused by the Lunar New Year holiday, the ministry said.

“Growth momentum may pick up further this month and beyond, as holiday disruptions fade away and upgrade demand gains momentum,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said.

Electronics shipments, which account for 32.7 percent of overall exports, rose by a double-digit percentage to US$7.77 billion, a new high for the month, Tsai said.    [FULL  STORY]