Focus Taiwan
Date: 2018/11/03
By: Chu Tse-wei and Frances Huang 

Taipei, Nov. 3 (CNA) The Ministry of Finance (MOF) said Saturday that Taiwan is expected to report a year-on-year increase in exports for an eighth consecutive month in October because of solid global demand for tech gadgets.

The MOF said it expects to report a 4-7 percent year-on-year increase in exports for the month after the more affordable iPhone XR came on the market, which has led to higher shipments from Taiwanese suppliers to Apple Inc.

There were also three more working days in October this year than last year, which should have also boosted exporters’ outbound sales, the MOF said.

Taiwan had exports of US$29.62 billion in September, up 2.6 percent from a year earlier. It was the seventh consecutive month and 23rd in 24 months showing year-on-year growth.    [FULL  STORY]