February exports rise 34%

09 March, 2022

Courtesy of ICRT


Taiwan's exports grew for a 20th consecutive month in February, up more than 34% from the same month in 2021.


The Ministry of Finance (MOF) says exports grew on the back of increasing global demand amid an economic recovery.


The latest export data marked the 20th straight month of year-on-year growth, the second longest ever after a 26-month period following the global financial crisis of 2009, according to the ministry.


Meanwhile, Taiwan's imports in February rose 35.3% from a year earlier to US$31.64 billion with a trade surplus of US$5.81 billion, an increase of US$1.40 billion from a year earlier.


Although exports for February were down compared with the previous month, the data is the strongest ever for the month when Taiwan celebrated the Lunar New Year and marked the 228 Memorial Day.


A ministry spokesperson says factors for the strong data include increased global demand amid an economic recovery, after the end to Covid-19 lockdown measures in many countries.

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