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Strong Exports in August, Sixth Straight Trade Surplus for Taiwan

September 19, 2006

Taiwan enjoyed a trade surplus for its sixth month in a row, according to the Ministry of Finance (MOF).

MOF statistics showed a trade surplus in Aug. of USD 1.21 billion, up 10.5% on last year. Exports in Aug, totaled USD 19.37 billion, while imports were marked at USD 18.16 billion, according to Hsu Ray-lin, deputy director of the MOF statistics department.

The Aug. figures showed year-on-year increases for both exports and imports, at 16.6% and 17.1%  respectively, added Hsu.

The increases were seen across the board, with exports to Hong Kong, China, US, and ASEAN countries all growing over 16% year-on-year; meanwhile, exports to Japan and Europe grew 13.9 and 12.6% respectively.

The MOF also released figures for Jan. to Aug. of 2006: exports totaled USD 145 billion, for a 14.5% increase, while imports amounted to USD 134.2 billion, a 11.5% increase.

The trade surplus for Jan-Aug 2006 was approximately USD 10.8 billion, a 71.7% increase on last year, according to the MOF.

(Central News Agency, Taipei Times)

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