June 21, 2005
Taiwan May export value of
USD 16.32 billion is the highest ever recorded for that month. May's import value of
USD 16.14 billion also rated as Taiwan's second highest single-month value for imports.
The Ministry of Finance reports that, while May's export value grew only 4% on the year, that month's import value climbed 11.3% due to Taiwan's expanding domestic demand. This big rise in imports is also cited as the primary reason for the shrinkage of Taiwan's trade surplus.
In the first five months of the year, Taiwan exports total
USD 74.81 billion while its imports reached
USD 74.26 billion. Taiwan's trade surplus for this period stands at
USD 550,000. The value of this surplus is down
USD 3.55 billion, or 86.6%, on the year.
(United Daily News)
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