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May exports up from April, but down from year-earlier level

2012/06/07 18:33:38

Taipei, June 7 (CNA) Taiwan exported US$26.1 billion-worth of goods in May, marking a 2.2 percent increase from April but a 6.3 percent year-on-year decrease, according to statistics released by the Ministry of Finance Thursday.

During the month, imports amounted to US$23.83 billion, a decline of 4.1 percent from April and an even steeper decline of 10.5 percent from a year ago, the ministry tallies show.

With exports outpacing imports, Taiwan posted a trade surplus of US$2.26 billion in May, up 83.9 percent year-on-year.

Officials from the ministry's Department of Statistics said accumulated exports to major export outlets such as China and Hong Kong, the United States, Europe and Japan in the first five months of this year all registered negative growth.

Taiwan managed to expand sales only to the six major member states of the Association of Southeast Asian Nations (ASEAN) -- Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand -- during the five-month period, the officials said.

Aggregate shipments to the six ASEAN countries reached US$22.48 billion, up 6.2 percent from the year-earlier level, the officials said, adding that the share of exports to those six countries also increased to 18.4 percent of the country's overall sales for theperiod.

(By Eva Feng and Sofia Wu)