Taiwan's second-quarter exports exceed US$100 billion: MOF

Taipei, July 7 (CNA) Taiwan's exports in the second quarter of 2021 totaled US$108.97 billion, a record high quarterly figure, the Ministry of Finance (MOF) said Wednesday.

Not only was it record quarterly high, but it was also the first time that the country's quarterly exports exceeded US$100 billion, the MOF said.

In the month of June, Taiwan's exports rose 35.1 percent from a year earlier to US$36.65 billion, the MOF data showed.

It was the 12th consecutive month of growth, the MOF said, citing strong recovery in the United States and Europe and a gradual recovery of global demand.

Electronics component exporters posted US$14.51 billion in outbound sales in June, up 29.8 percent from a year earlier, while exports of information, communication and audio-video products rose 22.5 percent to US$4.91 billion, the MOF said.

Exports of base metals, and plastics and rubber products increased 46.6 percent and 65.4 percent, respectively, from a year earlier, according to the data.

Meanwhile, total imports in June rose by 42.3 percent from a year earlier to US$31.51 billion, indicating a favorable balance of trade of US$5.15 billion, the MOF said.