December 24, 2007
The Bureau of Foreign Trade (BOFT) under the Ministry of Economic Affairs (
MOEA) is projecting that foreign trade volume and the trade surplus for 2007 will reach record highs. The BOFT believes that foreign trade will break the
USD 450 billion mark, and the trade surplus will reach
USD 27.5 billion, reports the Central News Agency.
According to statistics by the Ministry of Finance (MOF), Taiwan posted foreign trade volume in November of
USD 39.44 billion, a 7.6% year-on-year increase over last year, as well as a trade surplus of
USD 4.25 billion.
This marks the 21st month in a row that Taiwan has enjoyed a trade surplus -- a rare event given rising oil prices, said the BOFT.
According to the BOFT, foreign trade from Jan. to Nov. totaled
USD 421.33 billion, a 7.9% year-on-year increase. Exports during this period totaled
USD 223.25 billion, a 9.2% year-on-year increase, while imports totaled
USD 198.08 billion, a 6.5% year-on-year increase.
The trade surplus for the Jan.-to-Nov. period totaled
USD 25.17 billion, a 36.8% year-on-year increase. This figure already surpasses the trade surplus for 2006, which totaled
USD 21.32 billion, noted the BOFT.
(Central News Agency)
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