November exports rise 30.2%
By ECCT staff writers
Taiwan’s total exports expanded 30.2% year on year to US$41.58 billion in the month of November while total imports rose by 33.8% from a year earlier to US$35.86 billion. According to a report by the Ministry of Finance (MOF), exports of parts of electronic products (electronic components), information, communication and audio-video products, base metals and articles of base metal, plastics & rubber and articles thereof, and machinery rose by 26.6%, 19.5%, 67.7%, 33.4%, and 29.9%, respectively. For the first 11 months of the year, exports of electronic components and information, communication and audio-video products (which together account for over half of Taiwan’s total exports), rose by 26.9% and 25.1%, respectively year-on-year to US$155.7 billion and US$55.5 billion, respectively.
In terms of export destination, exports to Europe rose at the fastest rate compared with the same month of last year. Exports to Europe rose by 56% in November while exports to Mainland China & Hong Kong, ASEAN, Japan, and the USA grew by 18.9%, 31.2%, 29.1% and 39.2%, respectively. Year-to-date (from January to November), exports to Europe are up 38.5% compared to 2020 while exports to China, ASEAN, Japan and the USA have risen by 25.7%, 32.9%, 23.8% and 30.1%, respectively.