Taiwan: Exports accelerate slightly in September
October 7, 2011
In September, exports expanded 9.9% over the same month last year to USD 24.6 billion, which was faster than the 7.2% increase in August, but remained at single-digit growth for a second consecutive month. Despite the acceleration, export growth fell short of market expectations of an 11.1% expansion. The reading reflected stronger growth in shipments of plastic and rubber articles as well as basic metals, which mitigated slower growth in electronic products due to softening international demand. Imports expanded 10.8% in September, also faster than the 6.4% increase registered in August. The trade surplus narrowed from USD 2.6 billion in August to USD 1.8 billion in September.