May 18, 2007
With growth in exports to China and Europe, Taiwan enjoyed a trade surplus in March for the 13th month in a row, according to an announcement earlier this month by the Ministry of Finance (MOF).
The trade surplus totaled
USD 2.21 billion in Mar., according to MOF statistics.
Exports grew by 10.4% to
USD 19.76 billion, the fourth highest on record. Exports to China, ASEAN countries, and Europe each increased over 13%, and while exports to Japan rose by 9.7%.
Imports totaled US 17.55 billion, growing 8.5% -- the fifth highest on record -- as imports from the US and Europe increased by over 20%.
From January to Mar., exports were valued at
USD 54.45 billion, and imports at
USD 48.18 billion, growing by 8.5% and 3.1% respectively year-on-year. The trade surplus for the Jan. to Mar. period totaled
USD 6.27 billion, growing by
USD 2.83 billion, or 81.9% over the previous year.
The MOF attributed year-on year growth during the Jan.-Mar. period to sustained economic growth in the US and Europe coupled with rising demand in Asia and other countries. During this period, Taiwan exports to Mainland China, Japan, Korea, and ASEAN countries grew year-on-year by 6.9%, 5.8%, 14.2%, and 13.9%, respectively, while exports to Europe grew by 11.5%.
(Central News Agency)
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