News
August exports up 16.8%
By ECCT staff writers, MOF
Taiwan’s total exports expanded by 16.8% year-on-year to US$43.64 billion in August while total imports rose by 11.8% from a year earlier to US$32.14 billion compared to the same month in 2023, which was a record high. According to a report from the Ministry of Finance (MOF), exports of electronic components, information, communication and audio-video products, base metals and articles of base metal, machinery, plastics & rubber and articles thereof grew by 0.1%, 71.3%, 7.9%, 8.0%, and 3.8%, respectively.
Year-to-date (from January-August 2024), exports reached US$308.571 billion, up 10.9% from the same period in 2023 while imports came in at US$256.124 billion, up 9.3% year-on-year.
Broken down by destination, compared with the same month of last year, exports to China & Hong Kong, ASEAN, the USA, and Europe grew by 1.0%, 5.6%, 78.5%, and 2.6%, respectively. However, exports to Japan declined 17.5%. Year-to-date, exports to China & Hong Kong, Japan and Europe are down by 3.3%, 20.4% and 8.3%, respectively while exports to the USA and ASEAN are up by 64.6% and 16.9%, respectively.
