By: Chiu Po-sheng and Frances Huang
Taipei, Aug. 7 (CNA) Taiwan’s exports grew year-on-year for the 10th consecutive
month in July, as global demand remained solid with the world economy on a steady road to recovery, according to data released Monday by the Ministry of Finance (MOF).
Taiwan’s outbound sales totaled US$27.11 billion in July, up 12.5 percent from a year earlier, after a 13 percent year-on-year increase in June, while imports grew 6.5 percent from a year earlier to US$21.74 billion, the MOF data showed.
Taiwan had a trade surplus of US$5.37 billion during the month, up US$1.69 billion year-on-year, the MOF data showed.
It was the first time Taiwan’s exports topped the US$27 billion mark since November 2014 and also the second consecutive month in which exports grew at a double-digit increase. [FULL STORY]