Taiwan Records Fresh Export Growth

Taiwan’s exports grew 3% year-on-year in October, the 13th consecutive month exports have grown, according to data released by the ministry of finance Tuesday, CNA reported. Exports reached $27.54 billion last month, with imports totaling $22.34 billion. Imports grew 0.1% from the same month last year, the data shows. The figures indicate that there was a trade surplus of $5.2 billion in October, an increase of $770 million from the same month in 2016. MOF officials expect high export momentum in the fourth quarter of the year, which is normally peak export season. They said whether in China, Europe or the United States, consumption is always high in Q4. Officials now expect double digit export growth for the year, beating an earlier directorate general of budget, accounting and statistics forecast of a 9.4% year-on-year rise.