By: Wu Chia-jung and Frances Huang
Taipei, Oct. 19 (CNA) At a time when trade friction between the United States and China is affecting global demand, export-oriented Taiwan still posted a year-on-year increase of more than 2 percent in outbound sales for the first nine months of the year, after inflationary adjustments, according to the Ministry of Finance (MOF).
Data compiled by the ministry shows that real export growth in Taiwan hit 2.8 percent in the nine month period, compared with a 2.5 percent fall in nominal terms.
The MOF said the real export growth figure came after excluding inflationary effects to better reflect the reality of Taiwan's export performance.
In terms of real export growth, Taiwan outperformed the three other Asian tigers which all suffered a year-on-year decline in the nine months: Hong Kong (down 6.0 percent, January-August), South Korea (down 1.4 percent, January-September) and Singapore (down 4.0 percent, January-August), the data showed. [FULL STORY]