Taiwan’s exports back to positive growth in October

Focus Taiwan
Date: 2016/11/07
By: Chiu Po-shen and Frances Huang

Taipei, Nov. 7 (CNA) Taiwan’s exports returned to positive growth in October, up more than 9 percent from a year earlier with the help of strong global demand for semiconductor products, government statistics showed Monday.

In October, Taiwan’s outbound sales totaled US$26.75 billion, up 9.4 percent from a year earlier, after they declined 1.8 percent year-on-year in September when typhoons battered the country and reduced the number of working days, the Ministry of Finance (MOF) said.

The MOF said the 9.4 percent rise included shipments deferred from September.

October export growth also benefited from a low base of comparison in 2015, and in fact numbers the October 2016 export figures were still slightly lower than the US$26.88 billion in exports in October 2014.    [FULL  STORY]