Taiwan Posts Trade Surplus

Taiwan’s exports rose for the fifth consecutive month on a year-on-year basis in February, the ministry of finance said Tuesday, CNA reported. Exports rose 27.7% year-on-year during the month to $22.66 billion, while imports were up 42.1% from a year earlier to $19.3 billion. That left a trade surplus of $3.36 billion for the month, down $810 million from February 2016. For the first two months of the year, exports were up 16.2% to $46.40 billion, the highest for the January-February period in US dollar terms since exports totaled $46.60 billion in the first two months of 2011.