Taipei-Taiwan's exports rose more than 2 percent from a year earlier in August, reversing a 0.5 percent decline seen a month earlier, largely on the back of the peak-season effect in the global electronics industry, the Ministry of Finance (MOF) said Monday.
Data released by the MOF showed that Taiwan's outbound sales for August stood at US$29.0 billion, marking the highest August level, up by 2.6 percent from a year earlier. On a month-on-month basis, exports for August also grew 2.8 percent, the data indicated.
In August, Taiwan's imports fell 2.7 percent from a year earlier to US$23.02 billion, with a trade surplus of US$5.98 billion, up US$1.37 billion from a year earlier, the MOF said.
In the first eight months of this year, Taiwan's exports fell 2.3 percent from a year earlier to US$215.41 billion and imports also dropped 1.1 percent to US$185.94 billion, with a trade surplus of US$29.47 billion, down US$3.02 billion from a year earlier, the MOF added.
Source: Focus Taiwan News Channel