June 7, 2007
Taiwan's manufacturing exports and the trade surplus grew in Q1, thanks to large-scale growth in shipments to Asia and Europe, said the Industrial Development Bureau (IDB).
According to IDB figures, Q1 exports totaled
USD 54.45 billion, a 8.5% year-on-year increase. The trade surplus exceeded expectations, totaling
USD 6.3 billion in Q1 -- growing 81.9% year-on-year. Imports totaled
USD 48.18 billion, growing 3.1% over the previous year.
The IDB is projecting a solid performance for the flat panel, computer, and precision machinery industries in Q2, which indicates a solid economic situation both globally and domestically.
Although in Feb. exports decreased due to the Chinese New Year holiday, Jan. and Feb. exports combined grew over the same period last year, particularly in shipments to European and Asian destinations, said the IDB.
(Central News Agency)
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