Taiwanese Jan. Exports Surge More Than Expected

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Taiwan's exports surged 75.8% on a yearly basis to US$21.75 billion in January, the Ministry of Finance said in a report on Monday. At the same time, imports jumped 114.7% to US$19.25 billion. Economists had expected an annual increase of 62.9% in exports and 100.8% growth in imports.

The trade balance showed a surplus of US$2.49 billion in January, larger than the consensus forecast of US$1.96 billion.

Taiwan's exports surged 75.8% on a yearly basis to US$21.75 billion in January, the Ministry of Finance said in a report on Monday. (Market News Provided by RTTNews)