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Taiwan exports rise 7.3 percent in October

Taiwan
Asia   Exports rose 8 percent year on year to 279.66 billion U.S. dollars

Taiwan's exports in October expanded by 7.3 percent year on year to 29.57 billion U.S. dollars, according to the island's finance authority Wednesday.


In the first ten months of the year, the island's exports rose 8 percent year on year to 279.66 billion U.S. dollars. During the same period, exports to the Chinese mainland, with Hong Kong included, expanded by 10 percent year on year to 115.4 billion U.S. dollars, the agency said.

From January to October, exports to the United States, Japan and Europe were up 7.2 percent, 12 percent and 9.8 percent, respectively. Exports to the Association of Southeast Asian Nations edged up 1.1 percent.

Meanwhile, Taiwan's imports in October climbed 17.6 percent from last year to 26.21 billion U.S. dollars. Total imports from January to October were worth 239.61 billion U.S. dollars, up 12.5 percent year on year.

However, the agency expects an easing trend in export growth in the future, citing factors such as slower growth in emerging economies, volatile forex and a more competitive global manufacturing market.

 

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