Focus Taiwan
Date: 11/09/2020
By: Wu Chia-jung and Evelyn Kao

Taipei, Nov. 9 (CNA) Taiwan's exports in October hit a single-month high of US$32.23 billion, thanks mainly to the launch of new iPhones by Apple Inc., increasing demand for online learning tools and work from home tech devices and peak season sales, the Ministry of Finance (MOF) said Monday.

The country's exports for the month posed a higher-than-expected increase of 11.2 percent from a year earlier, marking the fourth consecutive monthly year-on-year increase, data compiled by the MOF showed.

On a month-to-month basis, October outbound sales also rose 4.9 percent, the data indicated.

In October, the MOF said, Taiwan's imports, however, fell 1.0 percent from a year earlier to US$24.77 billion and the fall in imports boosted the trade surplus by US$3.51 billion from a year earlier to a single-month high of US$7.46 billion in October.    [FULL  STORY]