Rise in Taiwan’s exports, imports slow in Jan
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Taiwan’s exports climbed up in January for the fourth month in a row. However, the data from the Ministry of Finance showed that exports posted a smaller increase of 7% on a yearly basis in January than 14% posted in December. The growth rate also stood below the estimates of a growth of 8%.
Base metals and articles of base metals, parts of electronic products and machinery made the largest contribution to the increase in exports by 13.7%, 10% and 7.9% year-on-year respectively.
Meanwhile, imports were also up by 8.4% annually in January, slower than an increase of 13.2% in December. The January import figure also missed the forecasts which suggested an increase of 10.4%.
Imports of mineral products, parts of electronic products and base metals and articles of base metals posted the biggest annual increases of 36.4%, 14.9% and 13% respectively.
On a monthly basis, however, both exports and imports dropped by 7.6% and 2.8% respectively.
Base metals and articles of base metals, parts of electronic products and machinery made the largest contribution to the increase in exports by 13.7%, 10% and 7.9% year-on-year respectively.
Meanwhile, imports were also up by 8.4% annually in January, slower than an increase of 13.2% in December. The January import figure also missed the forecasts which suggested an increase of 10.4%.
Imports of mineral products, parts of electronic products and base metals and articles of base metals posted the biggest annual increases of 36.4%, 14.9% and 13% respectively.
On a monthly basis, however, both exports and imports dropped by 7.6% and 2.8% respectively.
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