October exports rise 11.2%
By ECCT staff writers
The Ministry of Finance has reported that Taiwan’s exports in October rose by 11.2% year-on-year to reach US$32.2 billion. According to the MOF report, total imports in October fell 1.0% from a year earlier to US$24.77 billion.
Compared with the same month of last year, exports of parts of electronic products, information, communication and audio-video products, base metals and articles of base metal, plastics & rubber and articles thereof, machinery grew by 21.8%, 20.8%, 0.9%, 8.8% and 1.8%, respectively.
Broken down by country, exports to mainland China & Hong Kong, ASEAN, Japan, the United States and Europe all rose by 16.9%, 2.6%, 4.8%, 21.4% and 6.3%, respectively.
According to the report, for the first ten months of the year, Taiwan’s overall exports have risen by 3.4%, although exports to Europe and ASEAN have fallen by 7.7% and 4.2%, respectively. Year-to-date, overall imports have dropped by 0.8% compared to 2019.