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Taiwan April exports grow for 7th consecutive month
Publish Date: 2017/05/09
Update Date: 2017/05/09
Taipei, May 8 (CNA) Taiwan reported on Monday that exports for April grew year-on-year for the seventh consecutive month, on the back of strong global demand at a time when the global economy is recovering.

According to the Ministry of Finance (MOF), Taiwan's exports for April rose 9.4 percent from a year earlier to US$24.32 billion, while imports grew 23.5 percent from the previous year to US$21.53 billion.

The data released by the ministry showed that Taiwan's trade surplus for April stood at US$2.78 billion, down NT$2.01 billion from a year earlier.

In April, outbound sales of Taiwan's electronics components, which accounted for more than 30 percent of the country's total exports, rose 10.7 percent from a year earlier to US$7.63 billion, with semiconductor vendors enjoying a 13.9 percent year-on-year increase in exports valued at US$6.47 billion, the MOF said.

Exports of information/communications and audio/video devices increased 1.27 percent from a year earlier to US$2.68 billion, reflecting an increase in sales of computer peripherals and handheld devices, while optoelectronics exports grew 16.6 percent to US$1.02 billion, the MOF added.

Base metal exports for April rose 19.2 percent from a year earlier to US$2.28 billion, machinery exports grew 18.2 percent to US$2.12 billion and outbound sales of plastics/rubber products gained 7.0 percent at US$1.83 billion, according to the MOF.

Sales to Taiwan's major markets all trended higher in April, the MOF said.

Exports by Taiwanese firms to China and Hong Kong rose 10.3 percent year-on-year to reach US$9.61 billion in April, accounting for almost 40 percent of Taiwan's exports to remain the largest market, the MOF said.

Exports to the Association of Southeast Asian Nations grew 14.1 percent from a year earlier to US$4.59 billion in April, making up 18.9 percent of Taiwan's total outbound sales, while exports to the United States rose 7.6 percent to US$2.89 billion, representing 11.9 percent of the total, the ministry said.

Sales to Japan and Europe rose 9.3 percent and 1.4 percent, respectively, from a year earlier to US$1.67 billion and US$2.26 billion, accounting for 6.9 percent and 9.3 percent of Taiwan's total exports, the MOF added.

In the first four months of this year, Taiwan's exports rose 13.6 percent from a year earlier to US$96.42 billion, and imports gained 22.1 percent to US$82.86 billion with the trade surplus down US$3.47 billion at US$13.56 billion.

Looking ahead, Tsai Mei-na, director of the ministry's department of statistics, said the smartphone market in China is undergoing inventory adjustments, which could affect Taiwan's exports for May.

In addition, TV sales in the China market during the May 1 Labor Day holiday failed to impress the market, exerting a further negative impact on Taiwan's outbound sales of electronics, Tsai said.

However, she still expects a year-on-year increase of 8-10 percent in export growth for May. 
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