January exports surge 16.7%
By ECCT staff writers
Taiwan’s exports rose by 16.7% year-on-year to US$39.98 billion in January. According to a report by the Ministry of Finance (MOF), this marked the 19th consecutive month of year-on-year growth, which is the second longest period on record following the global financial crisis of 2009.
The local electronic components industry posted US$15.91 billion in exports in January, accounting for 39.8% of total exports, and up 19.7% from a year earlier, according to the MOF.
In the electronic components industry, semiconductor suppliers sold US$14.42 billion worth of goods overseas, up 20.9% from a year earlier, according to the MOF.
Information communications and audio/video suppliers generated US$5.24 billion in exports in January, up 14.3% from a year earlier, while optoelectronics makers saw their exports fall 21.1% from a year earlier to about US$1 billion, largely due to a fall in TV panel prices.
Meanwhile Taiwan's imports also rose 24.9% from a year earlier to US$35.07 billion in January, resulting in a trade surplus of US$4.92 billion, down 20.6% from a year earlier.
In 2021, Taiwan's exports set a new annual record by soaring 29.4% from a year earlier to US$446.45 billion.