October exports rise 24.6%
Taiwan's exports rose for a 16th consecutive month in October to a new monthly high, on the back of the ongoing global economic recovery and solid demand for tech gadgets.
According to the Ministry of Finance, exports rose 24.6% in October from a year earlier to stand at US$40.14 billion while imports grew 37.2% last month to US$34.02 billion.
That resulted in a trade surplus for the month of US$6.12 billion, down US$1.3 billion from October last year.
China and Hong Kong remained the largest overseas markets for Taiwan products in October and the United States came in second.