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Taiwan recorded export value of US$26.75 billion for October 2016, the highest monthly level since December 2014 and increasing 18.6% on month and 9.4% on year. Import value for the month reached US$22.37 billion, also hitting a 23-month high and rising 23.0% on month and 19.5% on year, according to the Ministry of Finance (MOF).
Of the Taiwan-made products, electronics had the largest export value of US$9.068 billion in October, the historically highest monthly level with growth of 7.7% on month and 15.3% on year.
The total export value of US$229.38 billion and import value of US$189.04 for January-October declined 4.5% and 4.7% respectively on year.
|
MOF: Taiwan’s main export markets and export values (US$m) |
||||||
|
Export market |
Oct 2016 |
Jan-Oct 2016 |
||||
|
Export value |
Proportion of total |
Trade balance |
Export value |
Proportion of total |
Trade balance |
|
|
China plus HK |
11,359 |
42.5% |
7,208 |
90,632 |
39.5% |
53,434 |
|
Six ASEAN countries |
4,800 |
17.9% |
2,084 |
42,001 |
18.3% |
19,714 |
|
US |
3,055 |
11.4% |
458 |
27,623 |
12.0% |
4,116 |
|
Europe |
2,266 |
8.5% |
(663) |
21,808 |
9.5% |
(2,009) |
|
Japan |
1,833 |
6.9% |
(2,097) |
16,243 |
7.1% |
(17,338) |
Source: MOF, compiled by Digitimes, November 2016
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