Taiwan: Exports gain pace in October
November 7, 2011
In October, exports expanded 11.7% over the same month last year to USD 27.0 billion, which was faster than the 9.9% increase recorded in September. The monthly acceleration defied market expectations, which had export growth easing to 5.4%. The reading reflected stronger growth in exports of information and communication products, as well as basic metals, which mitigated slower growth in electronic products caused by softening international demand. Imports expanded 11.8% in October, which was also faster than the 10.8% increase registered in September. The trade surplus widened from USD 1.8 billion in September to USD 3.3 billion in October.