World Economy

Taiwan Exports Hit New High

Taiwan Exports Hit New HighTaiwan Exports Hit New High

Taiwan's exports hit a new high in September on the back of solid global demand for high-tech devices, marking the 12th consecutive month in which the country's outbound sales posted year-on-year growth, the ministry of finance said Wednesday, CNA reported. Exports for the month totaled $28.9 billion, up 28.1% from a year earlier and up 4.1% from a month earlier, while imports hit $22.21 billion, up 22.2% year-on-year and up 0.7% from the previous month, the MOF data shows. The MOF said international high-tech brands, including Apple Inc., unveiled new products during the month, which boosted shipments of Taiwanese suppliers, while a relatively low comparison base over the same period of last year also sent the latest outbound sales figure higher. Taiwan reported a trade surplus of $6.69 billion, up $2.31 billion from a year earlier, the data indicates. Boosted by the strong outbound sales for September, exports for the third quarter of this year totaled $83.76 billion, up 17.5% from a quarter earlier, according to the data.


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