MOF said they were positive that the strong export performance would continue for the rest of the year.
Taiwan News
Date: 2017/09/09
By: Teng Pei-ju, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – As the global economy had shown a stable recovery, Taiwan’s
Stacks of containers (Source: Pexels)
export orders set a record high in August since September 2014, reaching US$27.7 billion and with overall exports increasing by double digits compared to August 2016, said Taiwan’s Ministry of Finance in a report released September 8.
Though Taiwan’s imports also increased in August, valued at about US$22 billion, the stronger export performance made a trade surplus worth US$5.7 billion, which is US$1.7 billion more than in August 2016.
The strong export performance is mainly attributed to electronic components, particularly the integrated circuit (IC) sector, which was responsible for US$8.3 billion out of the total US$9.6 billion in the category. [FULL STORY]