Taiwan's exports up 14th straight month in November - Focus Taiwan

Taiwan's exports up 14th straight month in November

CNA file photo
CNA file photo

Taipei, Dec. 8 (CNA) Taiwan's exports for November rose more than 10 percent from a year earlier, marking the 14th consecutive month in which the country's outbound sales had grown on a year-on-year basis, the Ministry of Finance (MOF) said Friday.

On the back of the peak season effect in the fourth quarter, Taiwan's export growth for November hit a new high of US$28.88 billion, up 14 percent from a year earlier, returning to a double-digit growth pace after a 3 percent increase seen in October, according to data compiled by the MOF.

In November, the country's imports rose 9 percent from a year earlier to US$22.92 billion, while the trade surplus for the month hit US$5.96 billion, up US$1.65 billion from a year earlier, the data indicates.

In the first 11 months of this year, Taiwan's exports totaled US$287.88 billion, up 13.1 percent from a year earlier, and its imports gained 12.6 percent year-on-year to US$236.14 billion, with a trade surplus of US$51.75 billion, up US$6.85 billion from a year earlier, the MOF said.

(By Chiu Po-sheng and Frances Huang)

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