News
July exports rise 14.2%
By ECCT staff writers
Taiwan’s total exports expanded 14.2% year on year to US$43.32 billion in July while total imports rose by 19.4% from a year earlier to US$38.29 billion. According to the Ministry of Finance (MOF), it was the 25th consecutive month of export growth.
For the first seven months of this year, Taiwan's exports have risen by 18.4% from a year earlier to US$289.97 billion while imports have expanded by 23.9% to US$257.25 billion.
Machinery and electrical equipment accounted for the largest portion of exports at US$27.2 billion for the month of July and US$182.54 billion year to date.
By destination, China/Hong Kong remained the largest buyer of Taiwan's goods after purchasing US$16.04 billion worth of goods from Taiwan, up 3% from a year earlier and accounting for 37% of all exports, according to the MOF. ASEAN countries came in second after buying US$7.48 billion worth of goods from Taiwan in July, up 21% from a year earlier, ahead of the US, which bought US$6.96 billion worth of goods from Taiwan, up 24.8% from a year earlier, and Europe, which purchased US$3.76 billion, up 3.5% from a year earlier.
