March exports rise 21.3%
By ECCT staff writers
Taiwan’s total exports in March rose by 21.3% year-on-year to US$43.50 billion while imports rose by 20.3% from a year earlier to US$38.85 billion. According to a News Release from the Ministry of Finance, exports of parts of electronic products, information, communication and audio-video products, base metals and articles of base metal, and machinery grew by 35.6%, 15.3%, 23.1%, and 3.6%, respectively. However, exports of plastics & rubber and articles thereof declined 0.7%. Meanwhile, imports of parts ofelectronic products, mineral products, machinery, chemicals, base metals andarticles of base metal grew by 29.8%, 68.7%, 3.1%, 10.1%, and 15.0%, respectively.
Broken down by region, compared with the same month of last year, exports to mainlandChina & Hong Kong, ASEAN, Japan, the USA, and Europe rose by 13.4%, 18.9%,48.2%, 36.6%, and 19.4%, respectively.
For the first three months of 2022, total exports were US$120.934 billion, up 23.5% year on year while imports rose 25.8% to US$105.455 billion, resulting in a trade balance of US$15.479 billion.